Mentioned:
A newly formed company on the Nasdaq backed by the Winklevoss twins is ramping up their bet on Zcash.
What’s happening:
- Cypherpunk Technologies (NASDAQ: CYPH) has purchased $18M USD of Zcash to hold directly as an asset
By the numbers:
- Cypherpunk Technologies purchased 29,869 Zcash tokens at an average price of $602.63
- Cypherpunk Technologies now owns roughly 1.43% of the total supply of Zcash
Why it matters:
- Zcash has been on an explosive run lately and Cypherpunk Technologies is the first publicly traded company ever to go all in on accumulating Zcash
Going deeper:
- Gemini Space Station (NASDAQ: GEMI) co-founders Cameron and Tyler Winklevoss are the sole financiers of Cypherpunk Technologies and invested $58M USD through their family office Winklevoss Capital
