Cypherpunk received 28 million dollars from Zcash.

Cypherpunk Expands Portfolio with Zcash Investment

Cypherpunk has reached a total of 290,062 Zcash (ZEC) by purchasing 56,418 ZEC. The current value of this amount is estimated to be approximately $151.9 million. Additionally, this figure corresponds to 1.76% of the circulating Zcash supply.

The average purchase price has been set at $514.02, while it's worth noting that Cypherpunk's cost basis for ZEC is $334.41. This situation highlights that, despite recent market fluctuations, Cypherpunk is one of the few digital asset treasury firms that have realized unrealized gains.

Zcash has shown an increase of over 1200% since September. This rise has been made possible by a resurgence of investor interest in private coins.