Cypherpunk Boosts Zcash Holdings as Privacy Assets Gain Momentum

Zcash treasury company Cypherpunk has strengthened its commitment to privacy-focused digital assets with a fresh ZEC purchase. 

This move reinforces the company’s long-term strategy as the privacy assets gain wider attention. Zcash has continued to perform well this year. surpassing Bitcoin as well as traditional safe havens such as gold and silver.

Cypherpunk Expands Its Zcash Holdings

Cypherpunk has announced the acquisition of an additional 56,418.09 ZEC for about $29 million. The company completed the purchase at an average price of $ 514.02 per ZEC. 

Following this transaction, Cypherpunk now holds a total of 290,062.67 ZEC, representing about 1.76% of Zcash’s circulating supply.

Cypherpunk is following a clear plan to build a strong position in the Zcash ecosystem. The company aims to own up to 5% of the total Zcash supply over time.

As its Zcash holdings grow, Cypherpunk stands to gain as more people value financial privacy. The company is also expanding its efforts to support other privacy-focused technologies and projects beyond Zcash.

Cypherpunk Rebrand and Zcash Bet Drive Stock Movement

The latest purchase comes after Cypherpunk changed its name from Leap Therapeutics, with support from the Winklevoss brothers. This rebrand showed a clear move into digital assets and privacy-focused blockchain projects.

Following the announcement, Cypherpunk’s stock recorded a modest rise of over 2% in premarket trading. The stock traded around $1.21, up from the previous close of $1.18. Despite this short-term rise, the stock remains down nearly 60% year to date from its January high of about $3.48. 

However, the wider trend shows a strong recovery, with the stock rising by more than 300 percent over the past six months. Most of these gains came after the company started buying and holding Zcash.

Zcash Rises Strongly as Privacy Gains More Attention

Zcash has moved back above the $500 price level after dropping to around $310 earlier in the year. This bounce shows that investor confidence has returned as the token continues to record strong gains.

So far this year, Zcash has risen by more than 800% and is on track to be one of the best-performing assets in 2025. It has done better than Bitcoin and has also outperformed traditional assets such as gold and silver, which have seen solid gains.

At the same time, analysts continue to point to the growing value of privacy in the crypto market. Arthur Hayes has suggested that ZEC could rise to around $1,000, even while the wider crypto market remains weak.

A move like this could help push Cypherpunk’s stock higher. Looking ahead, venture capital firm a16z has said that privacy is likely to be the most important protective strength in crypto in the coming years.