Cypherpunk swings to $4.8M profit on ZEC gains

Cypherpunk Technologies, a digital asset financial firm backed by the Winklevoss twins, announced a net profit of $4.8 million for 2025, a significant turnaround from the $67.8 million net loss recorded in the previous year. The company attributed the profit to $50.4 million in unrealized fair value gains on its ZEC holdings, which are marked-to-market at year-end, as well as reductions in research, development, and general administrative expenses following staff cuts. As of March 12, Cypherpunk holds 294,743.10 ZEC at an average cost basis of $335.89, representing approximately 1.78% of the total circulating supply on the Zcash network.