Publicly traded company Cypherpunk makes a big purchase of ZEC: $29 million mobilizes 1.76% of circulating supply

2025-12-30 12:24:09

Abstract generation in progress

【Blockchain Rhythm】Cypherpunk Technologies Inc. (Nasdaq: CYPH) recently announced a major cryptocurrency transaction — purchasing 56,418.09 ZEC at an average price of $514.02, totaling approximately $29 million. This move brought the company’s total holdings of ZEC to 290,062.67, directly controlling 1.76% of the current circulating supply of ZEC. Interestingly, CEO Will McEvoy revealed in a statement that this is just the appetizer — their goal is to continue increasing their holdings, ultimately aiming for ZEC to account for 5% of the circulating supply. This suggests there may be larger purchase plans in the future. As a Nasdaq-listed company, Cypherpunk’s aggressive strategy also reflects a renewed interest from traditional capital in privacy coins like ZEC.

ZEC-3,64%

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MissedAirdropBro

· 8h ago

ZEC is about to take off, traditional capital is starting to scoop up privacy coins, a 5% target sounds just right --- 514 dollars for one ZEC, quietly eating the gains, I need to copy the homework --- Hey, only 29 million yuan and already aiming for 5% circulating supply? Is this guy serious? --- Cypherpunk’s move is indeed fierce, is privacy coin making a comeback? --- Wait, the 5% holding target means they still want to keep investing more? This pace feels off --- Public companies are already going all-in on privacy coins, should I follow or play it safe

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GasFeeNightmare

· 8h ago

ZEC, this move is pretty aggressive, 5% circulating supply? Is this guy serious or just bragging?

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GweiTooHigh

· 8h ago

Wait, 5% circulating supply? Is this guy planning something big, and are there more buy orders coming?

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SilentObserver

· 8h ago

Whoa, is this really the move to take down ZEC? Investing $29 million to buy 5% of the circulating supply—are traditional investors really betting on privacy coins?

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NFTRegretful

· 8h ago

Public companies are starting to stockpile ZEC, so privacy coins are really about to make a comeback, right?

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CommunitySlacker

· 8h ago

Are we about to hit a 5% holding pace? The listed company's move directly pushed it out.

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SleepyArbCat