Cypherpunk Technologies, led by Tyler Winklevoss, has successfully raised $58.9 million in seed funding to purchase 5% of Zcash's total supply. The company, previously known as Leap Therapeutics, has acquired 203,775 ZEC at an average price of $245, amounting to approximately $50 million. This strategic move comes as Zcash recently reached a seven-year high of over $720 before stabilizing around $460. Winklevoss emphasized Zcash's significance in the digital economy, likening it to the 'cryptocurrency of Bitcoin.'