Zcash Treasury Firm Cypherpunk Increases Holdings as ZEC Tops BTC, Gold, and Silver in 2025 Gains

Zcash treasury company Cypherpunk has announced a new purchase as the privacy narrative continues to gain momentum. This latest purchase also comes as ZEC is on course to end the year as one of the best-performing assets, outperforming Bitcoin, and precious metals gold and silver.

Zcash Treasury Company Buys $29 Million Worth of ZEC

In a press release, Cypherpunk announced that it has acquired an additional 56,418.09 ZEC for approximately $29 million at an average price of $514.02 per ZEC. With this latest purchase, the company now holds 290,062.67 ZEC, which represents 1.76% of the token’s circulating supply.

The Zcash treasury company has acquired its total holdings at an average price of $334.41 per ZEC, well above the current ZEC price. Commenting on the latest purchase, Cypherpunk’s CIO Will McEvoy noted that they continue to execute on their goal of accumulating 5% of the network.

The Cypherpunk CIO further remarked that as their Zcash position grows, they are well-positioned for a market that is repricing the societal importance of privacy. “We are excited to continue executing on our Zcash strategy while expanding our work across a broader set of privacy-preserving technologies and initiatives,” he added.

As CoinGape reported, the Winklevoss-backed company rebranded from Leap Therapeutics to Cypherpunk last month and announced plans to begin accumulating ZEC. The company’s CEO, Douglas Onsi, noted how the token mirrors Bitcoin’s rise while emphasizing its role as the flagship crypto’s “encrypted counterpart.”

Meanwhile, it is worth noting that this latest purchase comes amid Zcash’s reclaiming of the psychological $500 level after a recent low of around $310. The privacy token currently boasts a year-to-date (YTD) gain of over 800% and is on course to rank among the best-performing assets in 2025, topping Bitcoin and precious metals gold and silver, which have also had notable runs this year.

Cypherpunk’s Stock Rallies Over 2%

TradingView data shows that Cypherpunk’s stock has rallied over 2% in premarket trading amid the announcement of its latest Zcash purchase. The stock is currently trading at around $1.21, up from yesterday’s close of $1.18.

The CYPH stock is still down almost 60% year-to-date (YTD) from its January high of around $3.48. However, the stock is notably up over 300% in the last six months, with these gains coming last month when it began accumulating Zcash.

BitMEX co-founder Arthur Hayes recently predicted that ZEC could rally to $1,000 despite the downtrend in crypto prices, a move that could be a positive for CYPH stock. Meanwhile, as part of their 2026 predictions, a16z predicted that “privacy will be the most important moat in crypto,” a development that could spark more demand for ZEC next year.

Privacy will be the most important moat in crypto@alive_eth https://t.co/aa1NmMMgaZ pic.twitter.com/7Hs8R3SNHK

— a16z crypto (@a16zcrypto) December 29, 2025