Zcash News: Cypherpunk Adds 56,000 ZEC in Latest Treasury Move

The post Zcash News: Cypherpunk Adds 56,000 ZEC in Latest Treasury Move appeared first on Coinpedia Fintech News

Cypherpunk Technologies Inc. has expanded its corporate treasury with another large purchase of Zcash, continuing a strategy it has been following for several months. The company disclosed that it recently acquired 56,418.09 ZEC for approximately $29 million, paying an average price of $514.02 per token.

With this latest purchase, Cypherpunk’s total Zcash holdings now stand at 290,062.67 ZEC. Based on current estimates, this represents about 1.76% of Zcash’s circulating supply. The company said its total position has been built at a cumulative average price of $334.41 per ZEC, reflecting acquisitions made over different market conditions.

Focus on Privacy Crypto

Cypherpunk has increasingly positioned Zcash at the center of its digital asset treasury strategy. Zcash is known for its focus on privacy, allowing users to make shielded transactions that can hide sender, receiver, and transaction amounts. Interest in privacy-focused cryptocurrencies has drawn attention as governments and institutions debate digital surveillance, data protection, and financial transparency.

• Also Read :
•   BTC, ETH, XRP, SOL Price Drop Ahead of FOMC Meeting
•   ,

Company executives have previously stated that the firm sees long-term value in privacy-preserving technologies. The latest purchase suggests Cypherpunk is continuing to act on that view, even as digital asset markets remain volatile.

Beyond Crypto: Healthcare

Beyond its crypto treasury strategy, Cypherpunk also operates in the healthcare sector through its subsidiary, Leap Therapeutics. Leap Therapeutics is involved in developing cancer treatments, including therapies currently in clinical development. This dual focus places Cypherpunk in both the digital asset and biotechnology industries.

Cypherpunk said it plans to share material updates through official regulatory filings, press releases, and public communication channels, including its investor relations platforms. As with other public companies holding digital assets, its treasury strategy may continue to draw attention from investors monitoring corporate exposure to cryptocurrencies.

The latest Zcash purchase adds Cypherpunk to a growing list of firms using digital assets as part of long-term balance sheet planning rather than short-term trading strategies.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

FAQs