Zcash News Update: Cypherpunk Increases Holdings of 'Encrypted Gold' Amid Shift Toward Privacy
- Cypherpunk Technologies , rebranded from Leap Therapeutics, invested $50M in Zcash (ZEC), acquiring 1.25% of its supply to pivot to blockchain privacy solutions. - The move, backed by Winklevoss Capital's $58.88M funding, aims to accumulate 5% of Zcash's 21M tokens, positioning the firm as a major institutional player in privacy-focused crypto. - Zcash's 1,000% YTD surge to $468 and zero-knowledge proof technology highlight its appeal as "encrypted bitcoin ," contrasting with Bitcoin's transparency while
Cypherpunk Technologies, formerly known as Leap Therapeutics, has unveiled a $50 million
Zcash has
This treasury approach is part of a larger movement of institutions adopting privacy coins. Tyler Winklevoss, Gemini’s co-founder,
Zcash’s market trends show both promise and risk. Although the token has
The influx of institutional support for Zcash has also caught the eye of regulators.
Cypherpunk’s strategic shift mirrors a wider trend toward crypto-based treasuries in the industry. By holding ZEC, the company seeks to influence Zcash’s governance, benefit from network expansion, and preserve financial privacy. This approach
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