TechFlow, Dec 30 — According to Prnewswire, Cypherpunk Technologies Inc., a publicly traded company on the U.S. stock market, has increased its Zcash (ZEC) holdings to 290,062.67 tokens, representing approximately 1.76% of Zcash's circulating supply.
The latest purchase added 56,418.09 ZEC, valued at around $29 million, with an average acquisition price of $514.02 per token. The company’s entire ZEC holding has a cumulative average purchase price of $334.41 per token.
Cypherpunk Chief Investment Officer Will McEvoy stated that the company continues advancing toward its goal of holding 5% of the Zcash network.
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