Overview
- Cypherpunk said Wilcox will guide its development of self-sovereign digital systems centered on privacy and freedom.
- The company reports holdings of 233,644 ZEC, valued at about $100 million.
- CYPH stock closed near $1.62 on Tuesday after the news, up almost 40% for the day.
- The ZEC-focused pivot followed a $58.88 million Winklevoss-led private placement and an initial November purchase of about 203,775 ZEC.
- Zcash has swung sharply in recent months, rising from roughly $50 in September to above $700 in November, dropping to near $300, and lately trading around $430.