Cypherpunk Technologies shares rise 11.47% premarket after boosting Zcash holdings by 233,644 ZEC ($150 million).

Cypherpunk Technologies surged 11.47% in premarket trading following news that the company increased its Zcash holdings by acquiring 233,644 ZEC ($150 million), now holding 1.25% of the supply with a goal to reach 5%. The move, signaling strong conviction in Zcash’s value and utility, aligns with rising market interest in privacy-focused cryptocurrencies. Additionally, the U.S. Securities and Exchange Commission’s (SEC) upcoming December 15 roundtable on crypto privacy and financial surveillance further bolstered optimism, highlighting regulatory attention that could drive demand for privacy coins like Zcash. The combined impact of strategic asset accumulation and favorable regulatory developments likely fueled the premarket rally.