Cypherpunk Boosts Zcash Holdings as Interest Grows in Privacy-Centric Crypto for Corporate Treasury
Cypherpunk recently acquired an additional 56,418.09 ZEC for about $29 million, averaging $514.02 per ZEC, bringing its total holdings to 290,062.67 ZEC, approximately 1.76% of the circulating Zcash supply. The firm's overall ZEC position now has a blended average price of $334.41 per token. Cypherpunk aims to hold 5% of the Zcash network in the long term. Formerly known as Leap Therapeutics, the company rebranded in November to focus on Zcash, with its stock rising roughly 170% since then, from $0.44 to around $1.18.
Zcash, a privacy-focused fork of Bitcoin, employs zk-SNARKs technology allowing optional shielded transactions coupled with viewing keys for auditability. This design positions Zcash as a potential corporate treasury hedge against financial surveillance, contrasting with Bitcoin's use case based on scarcity, liquidity, and clearer regulatory frameworks. Another firm noted for holding ZEC is Reliance Global Group, with Cypherpunk among a small number of companies leveraging privacy in their treasury strategies.
Over the past year, Zcash's price has surged approximately 800%, trading near $530 at the time of reporting. The token experienced a 7-day gain of about 27%, with a 24-hour trading volume close to $499 million, approximately half of earlier levels. Analysts remain divided on Zcash's near-term price trajectory; Arthur Hayes anticipates a move toward $1,000, Eric Van Tassel warns of a potential pullback toward $400, while Raoul Pal suggests the rally resembles a capital rotation rather than a sustained surge.
This information was last updated on December 30, 2026.
