Cypherpunk Technologies shares surge 10.17% intraday after acquiring $29M in Zcash to build 5% network stake.

Cypherpunk Technologies (NASDAQ:CYPH) surged 10.17% intraday following its announcement of acquiring 56,418.09 Zcash (ZEC) tokens for $29 million, increasing its holdings to 290,062.67 ZEC—1.76% of the circulating supply. The purchase aligns with the company’s stated goal to accumulate 5% of the Zcash network, reinforcing its privacy-focused digital asset strategy. The move, disclosed in a December 30, 2025, SEC filing, underscores Cypherpunk’s commitment to leveraging Zcash’s bimodal architecture and zk-SNARKs for institutional-grade DeFi applications, positioning privacy as a competitive edge. Strategic advisors like Zooko Wilcox and cross-chain innovations further validate the company’s long-term vision, driving investor optimism amid growing institutional interest in privacy-centric crypto assets.