2026-01-20 14:00:58

## Cypherpunk Technologies aims to control 5% of the ZEC supply with new multi-million dollar purchase

The NASDAQ-listed company (CYPH) continues its aggressive Zcash accumulation strategy. According to market information, Cypherpunk has recently added approximately 56,000 ZEC tokens to its portfolio, spending nearly $29 million on the operation.

**The strategic move**

With this acquisition, the company's total ZEC holdings now reach 290,062.67 tokens, equivalent to approximately 1.76% of the current circulating supply. Interestingly, CEO Will McEvoy has set an ambitious goal: to increase the company's holdings to represent 5% of the entire circulating ZEC supply.

**Details of the purchase**

The average price paid in this round of purchases was $514.02 per token. It is noteworthy that the market has experienced volatility since then, with ZEC currently trading around $359.41, reflecting recent dynamics in the crypto market.

**What it means for the ecosystem**

Cypherpunk's determination to increase its stake suggests considerable confidence in the Zcash protocol. With approximately 16.5 million tokens in circulation, reaching the 5% target would require accumulating significantly larger positions over time. Such corporate moves often reflect institutional beliefs about the future value and relevance of the asset in question.

ZEC-1.44%

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