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Zcash treasury Cypherpunk Technologies acquires $29 million additional tokens as ZEC battles key resistance
Zcash (ZEC) treasury firm Cypherpunk Technologies (CYPH) announced on Tuesday that it has acquired 56,418 ZEC for $29 million. The company executed the latest purchase at an average price of $514 per ZEC. As a result, its stash has grown to 290,062 ZEC, or 1.76% of Zcash's total supply, worth over $150 million at the time of publication. Cypherpunk plans to accumulate 5% of ZEC's total supply. "As our Zcash position grows, we are well positioned for a market that is repricing the societal importance of privacy," said Cypherpunk CIO Will McEvoy in a statement on Tuesday. "We are excited to continue executing on ... (full story)
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