Quick Takeaways
- Cypherpunk bought $29 million worth of Zcash, adding over 56,000 ZEC.
- The firm aims to accumulate 5% of Zcash’s total supply over time.
- Zcash has surged by over 800% this year amid renewed debates over privacy.
Nasdaq-listed Cypherpunk Technologies has expanded its crypto treasury. The company purchased $29 million worth of Zcash tokens this week. According to a Tuesday announcement, Cypherpunk acquired 56,418 ZEC. The average purchase price stood at $514 per token.
The latest acquisition brings total holdings to 290,062.67 ZEC. That equals roughly 1.76% of Zcash’s circulating supply. The move reinforces Cypherpunk’s strategy to focus on privacy assets. Management views privacy as a growing societal and financial concern.
Company Targets 5% of Zcash’s Total Supply.
Cypherpunk’s chief investment officer, Will McEvoy, outlined the firm’s goal. He said the company aims to own 5% of Zcash’s total token supply.
Zcash has a hard cap of 21 million coins. That structure mirrors Bitcoin’s scarcity model.
McEvoy said markets are repricing digital privacy. He believes privacy-focused assets could benefit from that shift.
The company sees Zcash as a long-term strategic holding. It views zero-knowledge technology as increasingly relevant.
From Biotech to Crypto Treasury Firm
Cypherpunk was formerly known as Leap Therapeutics. The company previously operated as a biotech firm.
It rebranded in November as Cypherpunk Technologies. The shift marked a full pivot toward digital asset treasuries.
Since the rebrand, Cypherpunk’s stock has surged sharply. Shares climbed nearly 170% to around $1.18.
Before the rebrand, the stock traded near $0.44. The rally reflects growing investor interest in crypto treasury firms.
Cypherpunk is backed by Winklevoss Capital. The firm is led by Gemini founders Tyler and Cameron Winklevoss.
Zcash Outperforms Bitcoin Amid Privacy Revival
Zcash has posted strong gains in 2025. The token has surged more than 800% year over year.
ZEC now trades near $536, according to CoinGecko data. A year ago, prices hovered close to $58.
Bitcoin has lagged over the same period. BTC is down roughly 5% year to date.
The divergence reflects renewed focus on digital privacy. AI expansion and data surveillance concerns drive the debate.
Several crypto leaders support privacy-first assets. Former BitMEX CEO Arthur Hayes highlighted Zcash’s features.
Helius co-founder Mert Mumtaz echoed similar views. Both cited zero-knowledge proofs as a key differentiator.
Privacy Narrative Gains Momentum, Risks Remain
Zcash uses zero-knowledge proofs to protect transaction details. It hides sender, receiver, and transaction amounts.
Zcash Foundation executive director Alex Bornstein sees organic demand. He said privacy concerns are rising across global markets.
Bornstein cited unease over government overreach. Digital monitoring fears continue shaping investor behavior.
On Monday, Arthur Hayes suggested ZEC could reach $1,000. He linked the outlook to potential liquidity injections.
Hayes believes zero-knowledge assets could benefit most. He pointed to hidden Fed funding tools as a catalyst.
Still, some analysts urge caution. Market analyst Eric Van Tassel warned of a possible pullback.
He said ZEC could retrace toward the $400 level. Short-term volatility remains a key risk factor.
Outlook: Crypto Treasuries Turn to Privacy Assets
Cypherpunk’s Zcash purchase reflects a broader trend. Crypto treasury firms increasingly diversify beyond Bitcoin.
Privacy-focused assets now attract institutional capital. Regulatory pressure and digital surveillance drive that interest.
Zcash remains one of the oldest privacy coins. It’s a fixed supply and proven technology that supports long-term demand.
Whether ZEC sustains its rally remains uncertain. However, Cypherpunk’s aggressive accumulation signals conviction.
For now, privacy has returned to the crypto spotlight. And companies like Cypherpunk are positioning early.