Cypherpunk Launches $50M Zcash Treasury Backed by Tyler Winklevoss
Tyler Winklevoss, co-founder of Gemini, has launched Cypherpunk with more than $50 million of capital from Winklevoss Capital earmarked to buy Zcash (ZEC) and hold it as a privacy-focused treasury asset. The firm currently owns roughly 203,775 ZEC, positioning the new vehicle as a significant holder of the privacy coin.
The move is one of the clearer institutional endorsements of a privacy token and could boost liquidity and market confidence in ZEC while drawing renewed attention from regulators and exchanges. Market participants will be watching on-chain flows and price action; the backing from Winklevoss Capital may also prompt other funds and projects to consider structured crypto treasuries or renewed support for privacy-preserving assets.