Zcash Price Jumps After Winklevoss-Backed Cypherpunk Reveals $100M Holdings
Zcash rallied roughly 6% and briefly reclaimed the $500 level after Tyler Winklevoss unveiled Cypherpunk Technologies, a Digital Asset Treasury (DAT) focused on building a corporate treasury with ZEC, and revealed about $100 million in holdings. The announcement appears to have spurred fresh buying as traders priced in a large institutional-sized holder and the potential for ongoing treasury demand.
The development matters because it represents a notable institutional-style allocation into a privacy-focused asset, which could tighten circulating supply and amplify price sensitivity to any future rebalancing by the treasury. It also highlights custody and regulatory questions around corporate ZEC holdings; market participants will be watching on-chain flows, any follow-up disclosures from Cypherpunk, and whether other firms emulate a similar treasury strategy.