Cypherpunk Technologies Inc. has further expanded its Zcash holdings, pushing its corporate treasury to over 290,000 ZEC.
The company shared the announcement on December 30, 2025.
According to details, the fresh Zcash buy highlights the company’s ongoing commitment to accumulating the privacy coin.
It comes as institutional interest in financial anonymity tools takes root.
Although the Zcash price exhibited a muted reaction immediately following the news, it is nicely poised above $530.
Cypherpunk accelerates Zcash accumulation
Nasdaq-listed Cypherpunk says it recently acquired an additional 56,418.09 ZEC.
The company, aiming to be the biggest holder of the privacy coin, revealed that the purchase cost approximately $29 million, with this completed at an average price of $514.02 per token.
Adding over 56k ZEC to Cypherpunk’s holdings sees the company build on a series of strategic acquisitions throughout recent months.
Now it boasts a Zcash treasury of 290,062.67 ZEC, which represents roughly 1.76% of Zcash’s circulating supply.
Notably, these have been acquired at a cumulative average cost of $334.41 per ZEC, a price well below current market levels.
Will McEvoy, Chief Investment Officer at Cypherpunk, commented on the firm’s long-term vision:
“We continue to execute on our goal of accumulating 5% of the Zcash network. As our Zcash position grows, we are well-positioned for a market that is repricing the societal importance of privacy. We are excited to continue executing on our Zcash strategy while expanding our work across a broader set of privacy-preserving technologies and initiatives.”
The company positions Zcash as the anchor of its digital asset treasury strategy, aligning with its core focus on privacy technologies.
Cypherpunk also operates through its subsidiary Leap Therapeutics in cancer therapy development, but its cryptocurrency initiatives have drawn increasing attention from investors seeking exposure to privacy coins.
This latest buy reflects disciplined accumulation during a period of heightened demand for shielded transactions, where over 30% of ZEC supply is now held in private pools—an all-time high signaling robust user adoption of Zcash’s zero-knowledge proof features.
Zcash price outlook
Prominent venture capital firm Andreessen Horowitz (a16z) has expressed strong optimism toward privacy technologies, recently declaring that “privacy will be the most important moat in crypto” in its outlook for 2026.
This view aligns with Zcash’s performance in 2025, where the asset has delivered substantial gains amid renewed interest in censorship-resistant financial tools.
From a technical perspective, Zcash’s daily chart displays encouraging signals supportive of further appreciation.
The Relative Strength Index (RSI) currently hovers around the 60-63 level, indicating positive momentum without entering overbought territory. It suggests room for additional upside before exhaustion sets in.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows early signs of building bullish momentum. With the histogram turning positive, the ZEC price could see a key bounce.
Bulls will look to test higher resistance zones in the $560-$610 range.
Market conditions, treasury company buys, and bullish sentiment from the likes of a16z could bolster Zcash’s price outlook in 2026.
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