Nasdaq-listed company Cypherpunk invests an additional $29 million; will Zcash become the next corporate treasury asset favorite?With the trend of listed companies allocating Bitcoin becoming more prevalent, a Nasdaq-listed company is now turning its attention to a more controversial area. Cypherpunk Technologies recently announced an increase of approximately $29 million to its holdings of 56,418.09 ZEC privacy coins, bringing its total holdings to an astonishing 290,062.67 coins, accounting for about 1.76% of the circulating supply of Zcash.
Supported by Tyler Winklevoss, co-founder of Gemini, this company’s long-term goal is to hold 5% of the total supply of the Zcash network, elevating privacy assets to a strategic reserve level comparable to Bitcoin. This increase has sparked intense debate in the market: amid increasingly strict global regulations and urgent demands for financial privacy, can privacy-enhanced cryptocurrencies like Zcash truly replicate Bitcoin’s success path and become a new option on corporate balance sheets?
MarketWhisper·2025-12-31 06:53