Winklevoss Backed Cypherpunk Buys 18M More Zcash, Bringing Total Close to 150M

New York, Nov 19, 2025 — Cypherpunk Holdings has purchased an additional 18 million dollars worth of Zcash, raising its total holdings to nearly 150 million dollars. This Cypherpunk Zcash purchase is part of the firm’s long-running plan to expand its exposure to privacy-focused digital assets.

The purchases were spread out across several trading sessions this past week. People familiar with the activity said Cypherpunk used a mix of OTC desks and major exchanges to complete the orders. This approach allowed the firm to avoid sudden price swings and to build the position without attracting unwanted attention.

Market conditions were calm during the accumulation period. Liquidity was strong enough to support the purchases, and Zcash trading stayed steady across exchanges. Traders who track the asset said there were no unusual movements in the price during the buying window.

💰 JUST IN: Winklevoss-Backed Cypherpunk Buys $18M More Zcash, Bringing Holdings to $150M.@sndr_krisztian reports. pic.twitter.com/pC4lVCyImI

— CoinDesk (@CoinDesk) November 19, 2025

Cypherpunk has been adding to its Zcash position since 2023. The company views privacy technology as an important part of digital finance, especially as more activity moves onto blockchain systems. It considers Zcash a reliable asset because of its long development history and consistent upgrades.

Zcash, which launched in 2016, is built around zero-knowledge proofs. These proofs hide transaction values and wallet identities while still allowing the network to verify that everything is accurate. Supporters say this design gives users privacy without compromising security. The method has earned attention from researchers and developers who specialize in cryptography.

Regulators continue to debate how privacy coins should be handled. Some exchanges have removed assets like Zcash after pressure from authorities. Other exchanges have kept them but added monitoring systems. Cypherpunk said it believes both privacy and regulation can function together through tools that allow limited disclosure when required by law.

Cameron and Tyler Winklevoss have been key supporters of Cypherpunk. Their early involvement in Bitcoin and experience building the Gemini exchange gave the firm more exposure among institutional investors. These investors have become more interested in privacy assets but still prefer companies with established leadership.

Over the past year, Cypherpunk reviewed its strategy and shifted toward a more focused approach. Rather than buying a wide range of privacy coins, the firm concentrated on Zcash and a few zero-knowledge projects. People familiar with the review said Zcash showed the strongest combination of security, technical maturity, and upgrade stability.

During the week of accumulation, Zcash traded around 33.50 dollars, according to CoinGecko data. Volumes were moderate. Liquidity remained consistent across the main trading platforms. This helped Cypherpunk complete its buying without causing noticeable price moves or attracting trading bots that monitor large orders.

Cypherpunk said it plans to hold the new ZEC long term. The company sees growing demand for privacy technology, especially in areas like digital identity, encrypted data transfers and cross-border payments. It expects zero-knowledge cryptography to play a major role in these systems as adoption increases.

The firm believes the market for privacy infrastructure will expand as more organizations look for ways to protect sensitive information. Zcash remains one of the assets it considers well-positioned to benefit from that growth.

With the new purchases, Cypherpunk’s Zcash holdings now approach 150 million dollars, making it one of the largest institutional holders of the asset worldwide. The firm said it will continue to monitor regulatory changes and market conditions before making further investment decisions.

Recap

• Cypherpunk bought 18 million dollars in Zcash.
• Total ZEC holdings are now near 150 million dollars.
• Purchases took place over several trading sessions using OTC and exchanges.
• Zcash is valued for its zero-knowledge privacy features.
• The firm sees privacy technology as essential for future digital finance.
• Regulatory debates around privacy coins continue in the U.S. and Europe.