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Winklevoss-Backed Cypherpunk Buys
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Winklevoss-Backed Cypherpunk Buys
Winklevoss-Backed Cypherpunk Buys $18M More Zcash, Bringing Holdings to $150M
Winklevoss-Backed Cypherpunk Buys $18M More Zcash, Bringing Holdings to $150M
The digital-asset treasury firm is sitting on a over 100% paper gains following Zcash's recent rally.
By Krisztian Sandor, AI Boost|Edited by Sheldon Reback
Nov 19, 2025, 3:34 p.m.
Gemini co-founders Cameron and Tyler Winklevoss at White House (Jesse Hamilton/CoinDesk)
What to know:
- Cypherpunk Technologies, the digital-asset treasury firm backed by the Winklevoss twins, bought another $18 million of Zcash, bringing its total holdings to 233,644 ZEC.
- ZEC gained more than 10% in the past 24 hours and is up 140% in a month, defying the broader crypto market slump.
Cypherpunk Technologies (CYPH), a digital-asset treasury firm backed by Gemini founders Cameron and Tyler Winklevoss, said it added $18 million worth of Zcash ZEC$628.52 to its balance sheet.
The firm disclosed it purchased 29,869 tokens at an average price of $602.63, boosting its total holdings to 233,644 ZEC, currently worth roughly $150 million. The purchase followed the firm's initial $50 million investment . Together, the firm now controls about 1.43% of Zcash’s total circulating supply.
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Cypherpunk has positioned itself as a digital-asset treasury company focused on what it calls the "censorship-resistant" asset at a time when investor interest in privacy coins appears to be rekindling. Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to shield transaction details.
ZEC surged more than 10% over the past 24 hours to $640, outpacing the market benchmark CoinDesk 5 Index's 1% decline. With the latest gains, the token advanced 140% over the past month while most of the broader crypto market suffered declines.
After Zcash’s rally, the firm is sitting on around 120% in paper gains having an average cost basis of $291 per token.
Digital Asset TreasuryZcashWinklevoss
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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