2025-12-30 12:20:41

Nasdaq-listed company Cypherpunk has made another move—this time investing $29 million to acquire a total of 56,418.09 ZEC tokens, with an average purchase price of $514.02. The company's total ZEC holdings now amount to 290,062.67 tokens, accounting for approximately 1.76% of the current circulating supply of ZEC.

Will McEvoy, CEO of Cypherpunk, stated that the company's goal is to continue increasing its allocation to ZEC. In terms of holdings, Cypherpunk has become a significant institutional player within the ZEC ecosystem. This kind of accumulation sends a clear signal to the crypto market—that Nasdaq-listed companies are optimistic about the long-term prospects of ZEC.

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GasFeeGazer

· 4h ago

Institutions are accumulating ZEC, this pace is a bit aggressive... Could it be in preparation for the next wave?

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FrogInTheWell

· 4h ago

Oh my, institutions are pouring 2.9 billion into ZEC. Are they serious? They've become major players... --- A cost of $514 is a bit harsh, but they probably have a long-term positive outlook. --- Honestly, when listed companies pile up their positions like this, it definitely sends some signals. --- With a 1.76% holding, there's quite a bit of room for imagination. --- It's the same old story: institutions hype the scenery, retail investors buy in... I'm used to it. --- Will McEvoy is still adding more. Do you really believe in ZEC? --- Spending 2.9 billion, either they truly believe or they have other motives. --- Is ZEC's ecosystem really that worth it? Let's see. --- As the holdings grow larger, subsequent actions will be crucial. --- Does institutional entry mean the bottom is in? Not necessarily...

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TrustMeBro

· 4h ago

Institutions are really bottom-fishing. Buying so much ZEC at $29. I think ZEC has a chance this time.

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ChainMaskedRider

· 4h ago

Cypherpunk's move is quite aggressive, directly investing 29 million into ZEC, really seeing through the chips. It's the taste of institutional bottom-fishing, just listen and don't follow the trend. ZEC has strong privacy features, but regulatory pressure is also real… Cypherpunk probably has the confidence to do this. 1.76% of the circulating supply is not small, and the influence of large holders is instantly amplified. An average buy-in of 514, is this for long-term holding or waiting for the right moment? Seems like there's not much activity on the chain lately. Will McEvoy says to keep adding to the position, even at this point? Is he really optimistic or just trapped and filling in? Haha Nasdaq companies buying crypto, feeling like the market is approaching a critical point.

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WalletWhisperer

· 4h ago

Institutions are pouring into ZEC so heavily, it seems that privacy coins are still favored by some. --- The 29 million investment is no joke... feels like everyone is trying to bottom out. --- Buying so much at an average price of 514? Respect, brother. --- 1.76% circulating supply, definitely a big player, impressive. --- Another NASDAQ-listed company. Will ZEC break out this time? --- Still hoping for a comeback for privacy coins? I’m skeptical. --- Holding 2.9 million coins, this is true institutional faith. --- This move was really aggressive, and they’re continuing to add positions... --- Can ZEC get popular this time? --- Institutional entry is different; retail investors are still hesitating.

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