Cypherpunk reiterates goal to acquire 5% of ZEC supply

Nasdaq-listed Cypherpunk Technology (CYPH), a firm focused on acquiring Zcash (ZEC), has reiterated its goal of securing 5% of the total ZEC supply, The Block reported. Cypherpunk Chief Investment Officer Will McEvoy stated that Zcash has proven it has an institutional-grade security culture capable of surviving in the age of AI, adding that price fluctuations are a temporary phenomenon. As of May 13, Cypherpunk holds 314,185 ZEC at an average purchase price of $337.86.