Winklevoss-Backed Cypherpunk Takes $28M Zcash Position, 1.7% Share
Winklevoss-backed Cypherpunk buys $28 million of zcash, now owns 1.7% of supply
Cypherpunk Technologies (CYPH) said it has added $28 million worth of zcash (ZEC) to its balance sheet, increasing its stake to roughly 1.76% of Zcash’s circulating supply.
In a Tuesday press release, the Nasdaq-listed company said it purchased 56,418 ZEC at an average price of $514.02 per token. Following the transaction, Cypherpunk’s total holdings rose to 290,062 ZEC, valued at about $152 million at the time referenced in the source material.
The move extends a Zcash-focused treasury strategy that Cypherpunk first outlined in November after rebranding from biotech firm Leap Therapeutics. That shift was accompanied by a $58.9 million investment from Winklevoss Capital, linking the company’s financing to the Winklevoss-backed crypto ecosystem.
Cypherpunk has described its accumulation as part of a broader focus on privacy and censorship resistance. The company’s chief investment officer said it plans to continue executing its Zcash strategy while expanding work across “privacy-preserving technologies and initiatives.”
The latest buy follows earlier purchases over recent months. On Nov. 18, 2025, Cypherpunk disclosed acquiring 29,869.29 ZEC for $18 million, which brought its holdings to 233,644.56 ZEC, or about 1.43% of the network at the time.
Cypherpunk has also publicly stated an ambition to accumulate 5% of Zcash’s supply. Zcash has a capped maximum supply of 21 million coins, with about 16.5 million currently in circulation, making Cypherpunk’s growing position a notable example of a public company using a single digital asset as a treasury focus.
