Cypherpunk, a Nasdaq-listed company, has announced a $29 million investment to acquire an additional 56,418.09 Zcash (ZEC) tokens at an average price of $514.02 each. This purchase brings the company's total ZEC holdings to 290,062.67 tokens, representing approximately 1.76% of the current circulating supply. CEO Will McEvoy stated that Cypherpunk aims to increase its ZEC holdings to 5% of the total circulating supply.