Winklevoss-backed Cypherpunk buys $28 million of zcash, now owns 1.7% of supply

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Winklevoss-backed Cypherpunk buys $28 million of zcash, now owns 1.7% of supply Cypherpunk Technologies boosted its zcash bet with a $28 million token purchase, lifting its holdings to 1.7% of ZEC’s circulating supply. By Oliver Knight | Edited by Sheldon Reback Dec 31, 2025, 9:50 a.m. Winklevoss-backed Cypherpunk buys $28 million of zcash (Jesse Hamilton/CoinDesk) What to know : Cypherpunk bought 56,418 ZEC at an average price of $514.02, bringing total holdings to 290,062 ZEC worth about $151.9 million, or roughly 1.76% of circulating supply. With a cost basis of $334.41 per token, Cypherpunk is among the few digital asset treasury firms sitting on unrealized gains after the recent market slide. ZEC has risen by more than 1,200% since September amid renewed investor interest in privacy coins. In this article ZEC ZEC $ 527.25 ◢ 0.65 % Cypherpunk Technologies (CYPH), a digital asset treasury firm backed by the Winklevoss twins, said it bought $28 million worth of privacy coin zcash ZEC $ 524.53 , taking its overall holdings to 290,062 ZEC ($152 million). The Nasdaq-listed company said in a Tuesday press release that it purchased 56,418 tokens at an average price of $514.02 per token, and now holds roughly 1.76% of zcash's circulating supply. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The firm's cost average is $334.41, making it one of very few digital asset treasury companies that are in the black following a broad crypto market correction since October. ZEC has bucked that trend, and has risen more than 1,200% since September amid a positive shift in investor sentiment around privacy coins. “We continue to execute on our goal of accumulating 5% of the Zcash network,” chief investment officer Will McEvoy said in the statement, adding that the company is "well positioned for a market that is repricing the societal importance of privacy." Cypherpunk’s latest move follows a $18 million zcash purchase disclosed in November. CYPH shares, which rose 11% to $1.31 on Tuesday, were recently about 1.5% lower in pre-market trading. Winklevoss Digital Asset Treasury Zcash Privacy Coins More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. View Full Report More For You David Beckham-backed Prenetics ditches bitcoin purchase By Olivier Acuna | Edited by Aoyon Ashraf 15 hours ago The health sciences company, co-founded by English football icon, announcement comes as the crypto’s market capitalization continues to lose ground. What to know : Prenetics has halted its bitcoin purchasing strategy due to a prolonged downturn in the cryptocurrency market. The company will focus its resources on its IM8 business, which has generated over $100 million in annualized recurring revenue. Prenetics will retain its existing 510 bitcoin as a reserve asset, valued at nearly $45 million. 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