Winklevoss-backed Cypherpunk increased its Zcash (ZEC) holdings to about $150 million after making an $18 million purchase, the firm reported on Nov. 19, 2025. The move is being watched as a sign of institutional interest in privacy tokens.
Zcash (ZEC) rose about 6% to trade above $500 after Tyler Winklevoss announced Cypherpunk Technologies, a new Digital Asset Treasury, and disclosed roughly $100 million in ZEC holdings. Markets reacted to the prospect of sizable, concentrated corporate demand for the privacy coin.
Leap Therapeutics has changed its name to Cypherpunk Technologies Inc. and is shifting from biotech to managing digital assets, launching as a Winklevoss-backed Zcash treasury company. The move positions the firm to play a direct role in ZEC funding and governance.