Publicly traded company Cypherpunk makes a big purchase of ZEC: $29 million mobilizes 1.76% of circulating supply

2025-12-30 12:24:09

Abstract generation in progress

【Blockchain Rhythm】Cypherpunk Technologies Inc. (Nasdaq: CYPH) recently announced a major cryptocurrency transaction — purchasing 56,418.09 ZEC at an average price of $514.02, totaling approximately $29 million. This move brought the company’s total holdings of ZEC to 290,062.67, directly controlling 1.76% of the current circulating supply of ZEC. Interestingly, CEO Will McEvoy revealed in a statement that this is just the appetizer — their goal is to continue increasing their holdings, ultimately aiming for ZEC to account for 5% of the circulating supply. This suggests there may be larger purchase plans in the future. As a Nasdaq-listed company, Cypherpunk’s aggressive strategy also reflects a renewed interest from traditional capital in privacy coins like ZEC.

ZEC-5.9%

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ChainDetective

· 22h ago

Wow, a listed company directly invests 29 million to buy ZEC, are they trying to hype up privacy coins to the sky?

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HodlAndChill

· 01-01 00:52

Bro, this move is really aggressive. Investing 29 million directly into ZEC, and you say it's just a teaser? The target is 5% of the circulating supply... This is aiming for a monopoly pace.

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NoodlesOrTokens

· 2025-12-31 03:04

Still daring to hoard at $514 each? I swear, I just laughed out loud. This pace is off.

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MissedAirdropBro

· 2025-12-30 12:54

ZEC is about to take off, traditional capital is starting to scoop up privacy coins, a 5% target sounds just right --- 514 dollars for one ZEC, quietly eating the gains, I need to copy the homework --- Hey, only 29 million yuan and already aiming for 5% circulating supply? Is this guy serious? --- Cypherpunk’s move is indeed fierce, is privacy coin making a comeback? --- Wait, the 5% holding target means they still want to keep investing more? This pace feels off --- Public companies are already going all-in on privacy coins, should I follow or play it safe

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GasFeeNightmare

· 2025-12-30 12:53

ZEC, this move is pretty aggressive, 5% circulating supply? Is this guy serious or just bragging?

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GweiTooHigh

· 2025-12-30 12:53

Wait, 5% circulating supply? Is this guy planning something big, and are there more buy orders coming?

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SilentObserver

· 2025-12-30 12:51

Whoa, is this really the move to take down ZEC? Investing $29 million to buy 5% of the circulating supply—are traditional investors really betting on privacy coins?

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NFTRegretful

· 2025-12-30 12:49

Public companies are starting to stockpile ZEC, so privacy coins are really about to make a comeback, right?

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CommunitySlacker

· 2025-12-30 12:40

Are we about to hit a 5% holding pace? The listed company's move directly pushed it out.

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SleepyArbCat

· 2025-12-30 12:35

5% circulation? This guy's got some skills. Still want to keep eating later?