Overview
- Cypherpunk said Wilcox will advise on expanding its Zcash holdings and on building self-sovereign, privacy-preserving digital systems.
- The company disclosed a ZEC stash of about 233,644 coins, valuing the position near $100 million at recent prices.
- Cypherpunk’s stock closed around $1.62 after the news, up nearly 40% from a recent low reported earlier in the day.
- The firm began accumulating ZEC in November following its rebrand from Leap Technologies and a $58.88 million private placement led by the Winklevoss brothers.
- Zcash has rebounded after an early-December dip, gaining roughly 30% in the past week to trade near $430, according to market reporting.