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Cypherpunk (CYPH) Stock: Doubles Down on Zcash With $18M Purchase as Privacy Coin Surges 140%
Cypherpunk Technologies just placed another big bet on privacy. The digital-asset treasury firm bought $18 million more Zcash tokens, marking its second major purchase in recent weeks. The company acquired 29,869 ZEC tokens at an average price of $602.63. This brings total holdings to 233,644 ZEC, currently worth about $150 million. Cypherpunk now owns 1.43% of Zcash’s entire circulating supply. The firm made its initial $50 million investment just weeks ago at an average price of $245.37 per token. The timing looks good so far. Zcash has been on a tear while much of the crypto market struggles. ZEC jumped more ... (full story)
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