Winklevoss-backed Cypherpunk Boosts Zcash Holdings to 1.76% of Circulating Supply with $28M Purchase
Cypherpunk Technologies (CYPH), a digital asset treasury firm backed by the Winklevoss twins, has purchased $28 million worth of Zcash (ZEC), increasing its holdings to 290,062 ZEC or approximately 1.76% of the circulating supply.
The transaction involved acquiring 56,418 ZEC at an average price of $514.02 per token, valuing Cypherpunk's total ZEC holdings at around $151.9 million.
Cypherpunk’s cost basis stands at $334.41 per ZEC, positioning the firm profitably following a broad correction in the cryptocurrency market.
Will McEvoy, Cypherpunk’s chief investment officer, disclosed that the company's strategic goal is to accumulate 5% of the Zcash network.
This recent purchase marks Cypherpunk’s second disclosed ZEC acquisition within a few months, following an $18 million purchase reported in November.
Zcash has experienced a significant surge, rising more than 1,200% since September, driven by renewed investor interest in privacy-focused coins.
Cypherpunk is listed on Nasdaq, and the $28 million purchase was publicly disclosed via a press release. Following the announcement, CYPH shares rose approximately 11% to $1.31 on that Tuesday, with pre-market trading showing a slight decline of around 1.5%.
This information was reported on December 31, 2025.
