Winklevoss-backed Cypherpunk Aims to Control 5% of Zcash with $58M Treasury Seed
Winklevoss-backed Cypherpunk has announced a plan to seed a $58 million treasury with the stated aim of acquiring roughly 5% of Zcash’s supply, positioning ZEC as a "privacy hedge" to Bitcoin. The move is being framed as part of a wider comeback for privacy-focused tokens in 2025, with the group signaling funding for ecosystem development, privacy tooling, and adoption initiatives.
If executed, the purchase could meaningfully shift Zcash’s market dynamics and governance influence, while drawing regulatory attention given heightened scrutiny of privacy coins. Traders and policymakers will be watching for how the accumulation is funded and deployed, and whether it spurs price momentum or sparks fresh debate over privacy, compliance, and on-chain control. For holders, the plan represents both potential catalyst and new counterparty concentration risk.