Buyers are targeting Gemini's closed European units to obtain regulatory licenses rather than pursuing a full-company takeover, a move that could speed market re-entry and preserve regulatory continuity.
Gemini Space Station, the crypto exchange launched by Tyler and Cameron Winklevoss, has reduced its workforce by about 30% since the start of 2026. The move is part of a broader reorganization to lower costs and refocus the business amid challenging market conditions.
Gemini will cut up to 200 jobs and withdraw from Europe and Australia, concentrating operations in the U.S. and Singapore as part of a cost-cutting plan.
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.
Tyler Winklevoss has launched Cypherpunk with over $50 million from Winklevoss Capital to build a Zcash treasury, citing privacy and self‑sovereignty goals; the firm says it already holds 203,775 ZEC. The move highlights growing institutional interest in privacy-focused crypto assets amid regulatory scrutiny.
Tyler Winklevoss's new firm Cypherpunk has secured over $50 million from Winklevoss Capital to build a Zcash treasury and currently owns about 203,775 ZEC.
Winklevoss Capital has backed Cypherpunk Technologies’ new Zcash treasury plan, with a reported $58 million commitment tied to a $50 million ZEC treasury vehicle. The move underscores renewed institutional interest in privacy-focused crypto amid a broader market rebound.
Tyler Winklevoss reiterated his $1,000,000 Bitcoin target within five years and launched Cypherpunk, a privacy-focused investment firm. Cypherpunk revealed a purchase of 203,775 ZEC at $245 each—about 1.25% of Zcash's supply—with plans to raise that to 5%.
Leap Therapeutics (LPTX) jumped about 300% after disclosing a $50 million purchase of Zcash (ZEC) at roughly $454.92 per coin, following a $58.9 million raise led by Winklevoss Capital. The former biotech has completed a rapid pivot to a digital treasury strategy.