Cypherpunk Technologies Increases Zcash Holdings to 1.7% with $28M Purchase
Cypherpunk Technologies, backed by the Winklevoss twins, has increased its investment in zcash (ZEC) with a $28 million token purchase. This acquisition brings Cypherpunk's total holdings to 1.7% of ZEC’s circulating supply, according to reports. The development signifies a substantial bet on the privacy-focused cryptocurrency. The purchase reflects a strategic move within the cryptocurrency market, as firms like Cypherpunk seek to capitalize on specific digital assets.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.