{"id":881863,"date":"2025-12-31T01:13:18","date_gmt":"2025-12-31T07:13:18","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/31\/is-zcash-the-next-corporate-treasury-play-cypherpunk-now-holds-nearly-2\/"},"modified":"2025-12-31T01:13:18","modified_gmt":"2025-12-31T07:13:18","slug":"is-zcash-the-next-corporate-treasury-play-cypherpunk-now-holds-nearly-2","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/31\/is-zcash-the-next-corporate-treasury-play-cypherpunk-now-holds-nearly-2\/","title":{"rendered":"Is Zcash the Next Corporate Treasury Play? Cypherpunk Now Holds Nearly 2%"},"content":{"rendered":"
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Journalist<\/p>\n

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Hassan Shittu<\/p>\n

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Journalist<\/p>\n

Hassan Shittu<\/span>\"Verified\"<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Jun 2023<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

\"Is<\/p>\n

Cypherpunk Technologies has deepened its bet on Zcash, adding fuel to a growing debate over whether privacy-focused cryptocurrencies can play a role similar to Bitcoin in corporate treasuries.<\/p>\n

The Nasdaq-listed company said<\/a> it purchased an additional 56,418.09 ZEC for about $29 million at an average price of $514.02 per token. <\/p>\n

With the latest transaction, Cypherpunk now holds 290,062.67 ZEC, equal to roughly 1.76% of Zcash\u2019s circulating supply. <\/p>\n

The company said its total position was accumulated at a blended average price of $334.41 per ZEC.<\/p>\n

Cypherpunk Sets Its Sights on 5% of the Zcash Network<\/span><\/h2>\n

Chief investment officer Will McEvoy said the company is working toward a long-term goal of holding 5% of the Zcash network. <\/p>\n

He framed the strategy around the growing relevance of financial privacy while also pointing to plans to expand into other privacy-focused technologies.<\/p>\n

The move comes after a sharp corporate pivot, as the firm was formerly known as Leap Therapeutics before rebranding<\/a> in November as Cypherpunk Technologies and has now repositioned itself as a Zcash-focused digital asset company. <\/p>\n

Its stock has been increasing almost 170% since the rebrand, up to approximately $1.18 compared to approximately $0.44, as per <\/a>Google Finance.<\/p>\n

Source: <\/em>Google Finance<\/em><\/a><\/em><\/figcaption><\/figure>\n

Zcash, in its turn, has been registering among the most robust performances in the crypto market this year. The token has increased over 800% in the last 12 months and currently trades at roughly $530, based<\/a> on CoinGecko.<\/p>\n

Source: CoinGecko<\/a><\/em><\/figcaption><\/figure>\n

Bitcoin, by comparison, is down by approximately 5% over the same period, though ZEC was up almost 27% in the past 7 days alone.<\/p>\n

Notably, Zcash daily trade volume dropped by approximately half to approximately 499 million dollars in the last 24 hours, showing that activity slowed following the recent explosion.<\/p>\n

As Bitcoin Dominates Treasuries, Zcash Offers a Privacy Alternative<\/span><\/h2>\n

Zcash is a fork of Bitcoin, which was released in 2016 and has many structural features in common with BTC, such as a limit of 21 million coins and a proof-of-work blockchain.<\/p>\n

The difference lies in the privacy, in which Zcash employs zero-knowledge, known as zk-SNARKs<\/a>, proofs that users can use to conceal the transaction information like sender, recipient, and value, yet still provide optional transparency and auditability by using viewing keys.<\/p>\n

Those features have shaped how ZEC is being discussed as a treasury asset. Bitcoin\u2019s appeal to corporations has rested on verifiable scarcity, deep liquidity, and growing regulatory clarity, reinforced by the approval of U.S. spot Bitcoin ETFs earlier this year. <\/p>\n

Companies holding BTC typically treat it as a long-term store of value or macro hedge, with potential returns tied to price appreciation rather than operating income.<\/p>\n

Zcash, by comparison, is often described by companies adopting it as a hedge centered on privacy. <\/p>\n

Cypherpunk and a small number of other firms, including Reliance Global Group, have cited<\/a> the need to protect sensitive financial activity as a reason to hold ZEC. <\/p>\n

Like Bitcoin, Zcash does not generate cash flow, and any treasury \u201crevenue\u201d would come from unrealized or realized gains if prices rise.<\/p>\n

Market participants are divided on near-term price direction, with Former BitMEX CEO Arthur Hayes saying<\/a> ZEC could be setting up for a move toward $1,000, pointing to potential liquidity shifts that may favor privacy-focused assets. <\/p>\n

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However, others are more cautious, as analyst Eric Van Tassel has warned<\/a> a pullback toward $400 is possible, while macro investor Raoul Pal recently described Zcash\u2019s rally as looking more like capital rotation<\/a> than a confirmed long-term trend.<\/p>\n

Even after its recent surge, Zcash remains more than 80% below its all-time high of $3,191.93.<\/p>\n

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Journalist Hassan Shittu Journalist Hassan Shittu Part of the Team Since Jun 2023 About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in… Last updated:\u00a0 December 30, 2026 Cypherpunk Technologies has deepened its bet on<\/p>\n","protected":false},"author":1,"featured_media":881864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2024,97350],"tags":[],"class_list":{"0":"post-881863","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corporate","8":"category-zcash"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/881863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=881863"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/881863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/881864"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=881863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=881863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=881863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}