Cypherpunk Technologies Inc. (CYPH), a Nasdaq-listed company, has expanded its Zcash (ZEC) holdings with a recent purchase of 29,869.29 ZEC for $18 million. This acquisition increases CYPH's total ZEC holdings to 233,644.56, representing 1.43% of the entire Zcash network supply. The company acquired these assets at an average cost of $291.04 per ZEC.
CYPH's strategic goal is to accumulate at least 5% of Zcash's total supply as part of its digital asset vault strategy focused on Zcash. This move underscores the company's commitment to strengthening its position in the privacy-focused cryptocurrency market.
Cypherpunk Technologies Acquires $18M in Zcash, Boosts Holdings to 1.43% of Supply
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