Cypherpunk Holdings just dropped another $18 million on Zcash (ZEC), pushing its total stake to a jaw-dropping 1.43% of the entire circulating supply—one of the largest single-entity stakes in a privacy coin to date.
Cypherpunk Adds $18M ZEC → Now Holds 1.43% of Total Zcash Network
Total Treasury: 233,644.56 ZEC (as of Nov 18, 2025)
Hold onto your hardware wallets, people. Cypherpunk Holdings (Nasdaq: CYPH) — the freshly rebranded ex-biotech that went all-in on privacy coins — just announced another monster ZEC buy. As of November 11 they already sat on 203,775.27 ZEC. On November 18 they piled on another 29,869.29 ZEC for exactly $18 million (avg $602.63 per coin), bringing the grand total to 233,644.56 ZEC — worth roughly $143 million with ZEC trading around $612 as of this writing.
| Metric | Value (as reported) |
|---|---|
| Holdings as of Nov 11, 2025 | 203,775.27 ZEC (≈ $50M total cost) |
| Nov 18, 2025 purchase | 29,869.29 ZEC for $18M (avg $602.63) |
| Total post-purchase | 233,644.56 ZEC → 1.43% of circulating supply |
That 1.43% is calculated against Zcash’s circulating supply of ~16.31 million tokens (CoinMarketCap, Nov 18, 2025). In other words: one public company now owns more ZEC than almost anyone else on earth. Why Zcash? Because shielded transactions still matter in a world obsessed with on-chain surveillance. Cypherpunk is planting its flag as the pure-play privacy treasury stock.
Sound familiar? It should. Remember when SharpLink Gaming went full Ethereum and shares exploded 400% in a day? Or MicroStrategy turned Bitcoin into its balance-sheet superpower? Same energy, different flavor — this time it’s Zcash season.
The stock is feeling it: CYPH rocketed ~516% week-over-week, trading at $2.69 with a market cap around $153 million as of November 18, 2025 (Finviz/Yahoo Finance). Volatility? A casual 104%. Revenue? Still zero (classic treasury play). Cash reserves are now lean after the PIPE-fueled buying spree, with most liquidity allocated to the crypto treasury strategy.
How the Market Reacted When Others Did This
Corporate crypto treasury bombs drop like adrenaline shots. SharpLink’s ETH announcement = instant 400% spike. Hyperscale Data added Bitcoin and watched shares jump nearly their entire market cap overnight. Even in rough markets, these moves create violent upward pressure… until they don’t. When BTC bleeds, alt treasuries can bleed harder. But right now? The crowd is loving Cypherpunk’s conviction.
Cypherpunk’s aggressive accumulation is a legitimate bullish supply-shock for ZEC — reducing float and signaling institutional belief in privacy tech. That said, ZEC still dances to Bitcoin’s macro tune and carries extra regulatory risk because of its anonymity features. Translation: higher volatility, plausible upside, zero guarantees.
Bottom line — one company now controls 1.43% of a major privacy coin, and the market is wide awake. Buckle up.
Disclosure: This article is for informational purposes only and not investment advice. All figures sourced from Cypherpunk’s official press release, SEC filings, Finviz, Yahoo Finance, and CoinMarketCap as of November 18, 2025. Crypto markets are highly volatile; do your own research.
Sources: PR Newswire | SEC 424B5 | Finviz | CoinMarketCap
