Cypherpunk Adds $18M In Zcash, Lifts Holdings To $150M

Cypherpunk Technologies, backed by the Winklevoss twins, has purchased $18 million worth of Zcash, adding 29,869 ZEC at an average price of $602.63.

This brings its total holdings to 233,644 tokens, valued at around $150 million, and gives the firm control of about 1.43% of Zcash’s circulating supply.

Zcash has surged 10% in the past day to $640 and climbed 140% in the past month. Cypherpunk calls ZEC a key “censorship-resistant” asset and now holds roughly 120% in paper gains.

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