Cypherpunk Technologies Doubles Investment After $50M Zcash Purchase

Coinpedia 1 hour ago 111

The post Cypherpunk Technologies Doubles Investment After $50M Zcash Purchase appeared first on Coinpedia Fintech News

Cypherpunk Technologies ($LPTX) has revealed it purchased 203,775 Zcash ($ZEC ($495.26)) for a total of $50 million. The investment has since more than doubled in value, leaving the company with an unrealized gain of $54 million. The move highlights growing institutional interest in privacy-focused cryptocurrencies like Zcash, as firms seek diversified exposure beyond Bitcoin and Ethereum.

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