Cypherpunk Acquires 56,418.09 ZEC for $29M, Totals 290,062.67 ZEC.

Cypherpunk Technologies, a privacy-focused tech company, has acquired 56,418.09 ZEC for approximately $29 million at an average price of $514.02 per ZEC. This brings the company's total Zcash holdings to 290,062.67 ZEC, representing an estimated 1.76% of the total circulating network supply. The cumulative average price of the ZEC position is $334.41 per ZEC. Cypherpunk's goal is to accumulate 5% of the Zcash network.