Winklevoss-Backed Cypherpunk Raises Zcash Stake to $150M After $18M Buy
Winklevoss-backed investment vehicle Cypherpunk has boosted its stake in Zcash (ZEC) to roughly $150 million following an $18 million buy, the firm reported Wednesday, Nov. 19, 2025. The acquisition expands Cypherpunk’s concentrated position in the privacy-focused cryptocurrency and ranks among the larger single buys in Zcash this year, drawing attention from traders and on-chain analysts.
The purchase signals renewed institutional appetite for privacy tokens and could provide short-term price support and greater governance influence for Cypherpunk within the Zcash ecosystem. That said, privacy-focused assets face ongoing regulatory scrutiny, so the longer-term market impact will depend on adoption trends, policy developments, and on-chain liquidity. Market participants will be watching flows and exchange order books for evidence the buy sparks a broader rally.