Cypherpunk Technologies buys an additional $29M in ZEC

Cypherpunk Technologies, a digital asset financial firm backed by the Winklevoss brothers, has purchased an additional 56,418 ZEC, valued at $29 million, according to Wu Blockchain. This latest acquisition brings the company's total holdings to 290,062 ZEC, which accounts for 1.76% of the token's circulating supply. Cypherpunk CIO Will McEvoy said the company aims to expand its ZEC holdings to 5% of the total circulating supply.