Winklevoss-Backed Cypherpunk Holdings Buys $28M in Zcash (ZEC), Acquires 1.7% of Total Supply

Cypherpunk Holdings Inc., a publicly-traded company known for its cryptocurrency investments and backed by the Winklevoss twins, has made a significant move into privacy coins. The firm has purchased an additional $28 million worth of Zcash (ZEC), a leading privacy-focused cryptocurrency. This substantial investment brings Cypherpunk's total ZEC holdings to approximately 1.7% of the entire circulating supply. The acquisition signals strong institutional confidence in the future of privacy-enhancing digital assets and the Zcash protocol. Analysts view this large-scale accumulation by a known investment vehicle as a bullish indicator for ZEC, potentially impacting its market liquidity and investor perception. The move aligns with Cypherpunk's strategy of investing in core blockchain infrastructure and technologies.