Cypherpunk Bets Big on Privacy With a $29M Zcash Treasury Buy

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Nasdaq-listed Cypherpunk Technologies has made a bold move into privacy-focused crypto, adding roughly $29 million worth of Zcash to its corporate treasury. The purchase of more than 56,000 ZEC brings the firm’s total holdings to nearly 290,000 tokens — about 1.76% of Zcash’s circulating supply.

Management says this is only the beginning. The company has openly stated its goal of accumulating 5% of the total ZEC supply, framing the strategy as a long-term bet on the growing societal importance of financial privacy in an increasingly digital world.

[chainsniff]

1.7% of supply already is kinda insane when you think about it