Mentioned:
Cameron and Tyler Winklevoss are big believers in the future of Zcash. Which is exactly why they are pouring in tens of millions of dollars to accumulate more of it.
What’s happening:
- Cypherpunk Technologies (NASDAQ: CYPH) has purchased an additional $29M USD of Zcash to hold directly as an asset
By the numbers:
- Cypherpunk Technologies now holds a total of 290,062 Zcash tokens which is roughly 1.76% of the total circulating supply
Why it matters:
- Gemini Space Station (NASDAQ: GEMI) co-founders Cameron and Tyler Winklevoss are the sole financiers and investors in Cypherpunk Technologies
Going deeper:
- Cypherpunk Technologies has publicly stated they intend to accumulate 5% of the total circulating supply of Zcash
- Zcash has continued to be one of the single best performing digital assets in the world and has attracted notably support from legendary angel investor Naval Ravikant, BitMEX co-founder Arthur Hayes and Helius Labs founder Mert Mumtaz
