Overview
- Cypherpunk purchased 56,418.09 ZEC for roughly $29 million at an average price of $514.02 per token.
- The company now holds 290,062.67 ZEC, equal to about 1.76%–1.8% of the circulating supply.
- The cumulative average cost across its ZEC position is $334.41 per token, reflecting earlier lower-priced buys.
- Executives reiterated an ongoing accumulation program toward a stated goal of owning 5% of the Zcash network and flagged SEC and investor channels for updates.
- Backed by Winklevoss Capital and recently rebranded, Cypherpunk trades on Nasdaq as CYPH and also operates through Leap Therapeutics in oncology development.