Winklevoss-Backed Cypherpunk Buys $18M More Zcash, Bringing Holdings to $150M

Group 1 - Cypherpunk Technologies (CYPH) has added $18 million worth of Zcash (ZEC) to its balance sheet, purchasing 29,869 tokens at an average price of $602.63, increasing total holdings to 233,644 ZEC, valued at approximately $150 million [1][2] - The firm now controls about 1.43% of Zcash's total circulating supply, following an initial investment of $50 million [1] - Cypherpunk positions itself as a digital-asset treasury firm focused on "censorship-resistant" assets, with renewed investor interest in privacy coins like Zcash [2] Group 2 - ZEC has surged over 10% in the past 24 hours to $640, while the CoinDesk 5 Index declined by 1%, marking a 140% increase over the past month despite broader market declines [3] - The firm is currently sitting on approximately 120% in paper gains, with an average cost basis of $291 per token [3]