Nasdaq-listed company Cypherpunk's latest move has attracted market attention. The company recently invested $29 million to acquire 56,418.09 ZEC tokens, with an entry average price of $514.02. As a result, Cypherpunk's total ZEC holdings have risen to 290,062.67 tokens, accounting for 1.76% of the entire ZEC circulating market.
Cypherpunk CEO Will McEvoy stated that the company has further plans for the ZEC ecosystem—its long-term goal is to reach 5% of the total ZEC circulation. This means Cypherpunk will continue to increase its holdings, and there is still considerable room for growth in the future. Judging by the single investment of $29 million, large publicly traded companies are increasingly optimistic about the privacy coin sector, which also indicates that ZEC's role in institutional capital allocation is quietly growing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
MevSandwich
· 10h ago
Damn, a NASDAQ-listed company directly spends 29 million USD to buy ZEC? This pace seems a bit off...
Wait, a 5% target? Does that mean they need to sweep so many more times? Is ZEC really about to take off?
View OriginalReply0
TokenTherapist
· 10h ago
Major listed companies are really starting to pay attention to privacy coins. This time, Cypherpunk directly invested 29 million to buy ZEC. It seems that the 5% target is not just talk.
View OriginalReply0
RugPullAlarm
· 10h ago
514 units average price for 56k coins? That's quite a move, but wait a minute... 2.9 million coins in total holdings aiming for a 5% target, still need to pour in over 200 million more? Basically, it's buying at a high price. You need to keep an eye on this address's subsequent on-chain movements. If one day there's a sudden large transfer to an exchange, be alert. I've heard this kind of "long-term layout" statement many times...
View OriginalReply0
MEV_Whisperer
· 10h ago
Public companies are starting to stockpile ZEC. This pace is quite something. Is privacy coins about to take off?
Nasdaq-listed company Cypherpunk's latest move has attracted market attention. The company recently invested $29 million to acquire 56,418.09 ZEC tokens, with an entry average price of $514.02. As a result, Cypherpunk's total ZEC holdings have risen to 290,062.67 tokens, accounting for 1.76% of the entire ZEC circulating market.
Cypherpunk CEO Will McEvoy stated that the company has further plans for the ZEC ecosystem—its long-term goal is to reach 5% of the total ZEC circulation. This means Cypherpunk will continue to increase its holdings, and there is still considerable room for growth in the future. Judging by the single investment of $29 million, large publicly traded companies are increasingly optimistic about the privacy coin sector, which also indicates that ZEC's role in institutional capital allocation is quietly growing.