Cypherpunk shares surge 23.52% after hours as Josh Swihart joins to boost Zcash ecosystem role.

Cypherpunk Technologies surged 23.52% in after-hours trading following the announcement of strategic leadership additions, including Electric Coin Company CEO Josh Swihart as a strategic advisor and Zcash founder Zooko Wilcox joining as a strategic advisor. The company also rebranded from Leap Therapeutics and unveiled a Zcash-focused treasury strategy backed by a $58.88 million private placement led by Winklevoss Capital. These moves underscore Cypherpunk’s commitment to privacy technology and Zcash (ZEC), with the firm acquiring over 233,000 ZEC (1.43% of the total supply) to date. The appointments and capital infusion reinforce investor confidence in the company’s pivot to privacy-preserving digital assets, aligning with growing market demand for self-sovereign solutions.