Winklevoss-Backed Cypherpunk Buys $18M More Zcash, Bringing Holdings to $150M

Why It Matters

The sizable stake underscores growing institutional confidence in privacy coins and could boost Zcash’s liquidity and market visibility, while signaling a broader shift toward censorship‑resistant assets in digital‑asset treasury strategies.

Summary

Cypherpunk Technologies, the digital‑asset treasury firm backed by Gemini founders Cameron and Tyler Winklevoss, announced an $18 million purchase of 29,869 Zcash tokens at an average price of $602.63, raising its total ZEC holdings to 233,644 tokens valued at roughly $150 million. The acquisition follows an earlier $50 million investment and gives Cypherpunk about 1.43% of Zcash’s circulating supply, putting the firm at roughly 120% paper gains with a cost basis of $291 per token. The buy comes as Zcash rallied over 10% in a day and 140% over the past month, outpacing the broader crypto market, highlighting renewed investor interest in privacy‑focused, censorship‑resistant assets.