Cypherpunk Lifts Crypto Treasury With $29m Zcash Purchase 2025

Nasdaq-listed Cypherpunk Technologies has expanded its crypto corporate treasury with a new purchase of Zcash tokens for about $29 million.

According to Tuesday’s announcement, the company bought 56,418 Zcash (ZEC) paying an average price of $514 per token. The purchase brings Cypherpunk’s total holdings to 290,062.67 ZEC, or about 1.76% of the token’s circulating supply.

Formerly a biotech company called Leap Therapeutics, the company rebranded in November as Cypherpunk Technologies, as a Zcash-focused digital asset company. The company’s stock has surged almost 170% to about $1.18 at time of writing, from $0.44 before it rebranded, according to Google Finance data.

Cypherpunk is backed by Winkevoss Capital, the venture capital firm of Gemini founders Tyler and Cameron Winklevoss.

Related: These three altcoins came back from the dead in 2025

Zcash has surged more than 800% this year, rising to about $536 per token from roughly $58 a year ago, according to CoinGecko data, while Bitcoin (BTC) is down about 5% over the same period.

Still, not everyone is convinced an upward move is imminent. Analyst Eric Van Tassel warned on Saturday that a “corrective pullback” to $400 is possible.

Magazine: Big questions: Would Bitcoin survive a 10-year power outage?

Source: CoinTelegraph