Cypherpunk Technologies, a Nasdaq-listed company, announced it holds 294,743.1 ZEC, equating to 1.78% of ZEC's circulating supply as of March 12, 2026. The average purchase price for these holdings was $335.89. The company reported a net profit of $4.8 million for the fiscal year 2025, largely due to $50.4 million in unrealized gains from the appreciation of ZEC tokens in its treasury.