Cypherpunk Technologies Expands Zcash Holdings to 290,000 ZEC
Cypherpunk Technologies Inc. has significantly increased its Zcash (ZEC) reserves, acquiring an additional 56,418.09 ZEC for approximately $29 million. This move brings their total ZEC holdings to 290,062.67, representing about 1.76% of the circulating supply.
The company aims to eventually control 5% of the Zcash network, emphasizing a long-term strategy focused on privacy-preserving digital assets and technologies. Cypherpunk Technologies also pursues biotechnology development through its subsidiary, Leap Therapeutics, Inc.