In November 2025, the digital asset treasury firm Cypherpunk Technologies, backed by the famous Winklevoss twins, confirmed a massive new acquisition of Zcash for $18 million. According to official data shared by the company, this strategic purchase aims to strengthen its balance sheet with censorship-resistant assets in a volatile environment. Cameron and Tyler Winklevoss have reiterated that this accumulation responds to a long-term vision on financial privacy, highlighting the importance of owning coins that protect user identity.
In this recent operation, the entity revealed the purchase of an additional 29,869 tokens at an average market price of $602.63 per unit. With this bold move, the firm’s total holdings now amount to 233,644 ZEC, equivalent to about $150 million. Furthermore, it is crucial to note that the company currently controls 1.43% of the total circulating supply. This maneuver follows its initial investment of 50 million dollars, consolidating its position as one of the most influential institutional whales in the privacy ecosystem.
Is privacy the new safe haven for investors?
On the other hand, the market has reacted positively, as Zcash rose more than 10% in the last 24 hours reaching $640. While the market benchmark index fell by 1%, this asset advanced 140% in the last month, decoupling from the general trend. Thanks to an average entry cost basis of $291, the firm reports unrealized paper gains exceeding 120%, outperforming the return of many other companies betting on traditional assets.
The renewed focus on zero-knowledge proof technology suggests that interest in privacy is resurging strongly among large capitals. By withdrawing large volumes of tokens from circulation, the entity reduces the available supply, exerting upward pressure on the price. Analysts suggest that this behavior could incentivize other institutional players to diversify their treasuries into cryptocurrencies offering anonymity, validating the founders’ investment thesis on censorship resistance.
Finally, the current situation positions the firm with a significant competitive advantage heading into the end of the fiscal year. The capacity to hold these positions with huge latent gains demonstrates a deep conviction in the future of the protocol. It will be decisive to observe if the market continues to reward privacy assets in the coming weeks, which could mark the beginning of a new dominant narrative in the cryptocurrency sector.
