Cypherpunk Technologies Buys 56,418 ZEC for $29M, Expands ZEC Holdings to 290,062.67 (1.76% of Circulation) and Targets 5% of ZEC Circulating Supply

Cypherpunk Technologies Inc. (Nasdaq: CYPH) disclosed a strategic stake build in ZEC on December 30, with the purchase of 56,418.09 ZEC tokens at an average price of $514.02, totaling roughly $29 million.

With the new position bringing holdings to 290,062.67 ZEC, equating to about 1.76% of the circulating supply, the company signals a measured build in the privacy-focused asset.

CEO Will McEvoy underscored a longer-term objective to lift exposure to 5% of the total circulating ZEC supply, subject to market conditions and governance considerations.