Winklevoss Twins Unveil Zcash Treasury Company Cypherpunk, Eyes 5% ZEC Supply

The Winklevoss twins have officially unveiled Cypherpunk Technologies. This is a Zcash-focused treasury company that plans to accumulate up to 5% of the cryptocurrency’s total supply. The launch marks a major corporate transformation for Leap Therapeutics, which has rebranded and shifted from biotechnology to digital asset management.

Cypherpunk Bets on Zcash Amid Rising Privacy Demand

Based on an X post by Tyler Winklevoss, the new entity has already purchased 203,775 ZEC worth $50 million at an average price of $245 per token. The acquisition was financed through a $58.88 million private placement led entirely by Winklevoss Capital.

This is the venture firm founded by Cameron and Tyler Winklevoss, who also run the Gemini exchange. Cypherpunk will begin trading under the ticker CYPH on Nasdaq this week. The growing demand for privacy-focused crypto continues to drive ZEC price momentum.

The network’s next halving event is another factor that continues to drive this token’s price action. The firm’s leadership said this approach reflects a rising institutional demand for privacy in an increasingly monitored blockchain environment.

Zcash Rallies as Cypherpunk’s Bet Boosts Investor Confidence

Following the announcement, ZEC price surged 4.9% in 24 hours, trading at $465.82, according to TradingView data. The token reached a peak of $478.06 earlier in the day stretching its weekly profits to more than 5%.

The rally shows confidence in the long-term value of this token. Due to its special design, a user is able to store transaction information in secret.

This aspect has boosted its significance following the rising criticism of open blockchains. Based on the accumulation strategy by Cryptopunk, Zcash currently possesses one of the strongest institutional supports of any privacy token.

Douglas E. Onsi, CEO of Cypherpunk Technologies, said the company’s digital asset holdings will “create long-term shareholder value through active participation in Zcash.” He added that the strategy mirrors Bitcoin’s rise as a corporate reserve asset, emphasizing Zcash’s role as its “encrypted counterpart.”

Winklevoss Twins View Zcash as Encrypted Bitcoin

Tyler Winklevoss described Zcash as “encrypted Bitcoin,” arguing that while Bitcoin represents digital gold, Zcash functions as digital cash for private transactions. He estimated that there would be a significant increase in value of both assets over the next ten years.

Tyler added that Bitcoin price may even hit $1 million per coin. Analysts are also prediction $1,000 as the next major price target for Zcash.

The firm’s leadership team includes Khing Oei, founder of Treasury BV, as chairman, and Will McEvoy, principal at Winklevoss Capital, as CEO. McEvoy said the company’s investor base is focused on “building sustainable, value-aligned exposure to privacy assets” rather than short-term trading.