Necessary factors
- Cypherpunk Applied sciences, a Nasdaq-listed firm, invested $29 million to amass an extra 56,418 ZEC tokens.
- The current acquisition will increase Cypherpunk's whole Zcash holdings to over 290,000 ZEC, representing roughly 1.7% of the entire Zcash provide in circulation.
Based on a press launch on Tuesday, Cypherpunk Applied sciences bought an extra 56,418 Zcash (ZEC) for roughly $29 million, bringing its whole holdings to greater than 290,000 ZEC, or roughly 1.7% of all cash presently in circulation.
Zcash is an open-source crypto mission maintained by builders and researchers with the objective of giving customers extra management over their monetary knowledge.
ZEC has made a robust comeback this yr, outperforming many main cryptocurrencies when it comes to annual returns. It’s presently buying and selling at $540 and is up 866% up to now in 2025, in response to CoinGecko.
Backed by the Winklevoss twins' household workplace, Cypherpunk started constructing a place at ZEC final month. The Nasdaq-listed firm studies a median price foundation of roughly $334 per coin.
“We proceed to attain our objective of amassing 5% of the Zcash community,” mentioned Cypherpunk CIO Will McEvoy.
“As we develop our place in Zcash, we’re well-positioned in a market the place there’s a renewed recognition of the societal significance of privateness. We’re excited to proceed executing on our Zcash technique as we broaden our efforts to a broader vary of privateness safety applied sciences and efforts.”
