Real-time tracking of Cypherpunk Technologies (NASDAQ: CYPH) zcash treasury accumulation.
of all circulating Zcash held by Cypherpunk Technologies
| Date | ZEC Acquired | Avg Price | USD Spent | Cumulative ZEC | % of Supply |
|---|---|---|---|---|---|
| 2026-06-17 | +6,846.37 | $496.61 | $3.40M | 321,032.07 | 1.91% |
| 2026-05-14 | +10,279.30 | $486.41 | $5.00M | 314,185.70 | 1.88% |
| 2026-04-15 | +9,163.32 | $234.63 | $2.15M | 303,906.40 | 1.83% |
| 2026-03-09 | +4,680.43 | $427.31 | $2.00M | 294,743.08 | 1.78% |
| 2025-12-30 | +56,418.09 | $514.02 | $29.00M | 290,062.65 | — |
| 2025-11-18 | +29,869.29 | $602.63 | $18.00M | 233,644.56 | — |
| 2025-11-12 | +203,775.27 | $245.37 | $50.00M | 203,775.27 | — |
This page tracks every Zcash (ZEC) purchase made by Cypherpunk Technologies Inc. (NASDAQ: CYPH) — the publicly-traded company that describes itself as the world's first public privacy company, building around Zcash.
Cypherpunk Technologies is backed by Winklevoss Capital and led by a team that includes former Electric Coin Company executives and Zcash founder Zooko Wilcox. The company is openly accumulating ZEC toward a stated goal of up to 5% of total Zcash supply, and intends to invest in or acquire privacy-focused technologies over time. Every purchase is disclosed through the company's investor dashboard at cypherpunk.com, which ZcashTracker monitors continuously.
Cypherpunk began accumulating during the late-2025 ZEC rally and has continued through the subsequent drawdown. Purchase size has varied substantially with market conditions and available capital. The strategy was anchored by a $58.88M private placement led by Winklevoss Capital in October 2025.
Most public companies accumulating crypto on their balance sheet are described as Digital Asset Treasury (DAT) companies — public wrappers around hoarded assets, where the underlying innovation is financial engineering rather than product or utility. Strategy (formerly MicroStrategy) is the archetype.
Cypherpunk has publicly rejected that framing. In its April 2026 manifesto, the company described itself as a "public privacy company" — a public-market vehicle whose mission is to advance technologies that guarantee privacy for humans on the internet. Zcash accumulation is the centrepiece, but the broader thesis includes investing in or acquiring privacy-focused companies. The first concrete example was a $5M investment in ZODL (Zcash Open Development Lab) in March 2026, alongside co-investors including a16z, Coinbase, Paradigm, and Balaji Srinivasan.
Whether the public market accepts that framing or values CYPH primarily as Zcash exposure remains an open question — but the strategic intent extends beyond pure treasury accumulation.
Cypherpunk Technologies, Inc. (NASDAQ: CYPH) is a publicly-traded privacy technology company. Its core focus is Zcash — accumulating ZEC, investing in Zcash ecosystem companies, and building or acquiring privacy infrastructure over time. It also operates Leap Therapeutics, a clinical-stage oncology subsidiary that continues to develop cancer therapies. You can learn more about Cypherpunk Technologies $CYPH in our article What is Cypherpunk Technologies.
To accumulate up to 5% of the total Zcash supply — approximately 1.05 million ZEC, given Zcash's fixed maximum supply of 21 million coins. The company has not committed to a timeline for reaching this target, nor stated whether accumulation continues beyond it.
Not exactly. Both are public companies accumulating a single crypto asset, but Cypherpunk explicitly rejects the "Digital Asset Treasury" label that Strategy (formerly MicroStrategy) embraces. Cypherpunk describes itself as a "public privacy company" — accumulating ZEC and investing in privacy infrastructure rather than holding alone. The capital structure is also simpler: Cypherpunk has not (so far) issued the multiple preferred series or convertible notes that Strategy uses.
The company was formed via a $58.88 million private placement led by Winklevoss Capital — the investment firm of Cameron and Tyler Winklevoss. Senior leadership includes CEO Douglas Onsi (formerly CEO of Leap Therapeutics), Chief Investment Officer Will McEvoy, Zcash founder Zooko Wilcox (Chief Product Officer of Shielded Labs and Strategic Advisor), and former Electric Coin Company CEO Josh Swihart (Strategic Advisor).
Cypherpunk Technologies, Inc. is the rebranded entity formerly known as Leap Therapeutics, a clinical-stage oncology company. Leap continues to operate as a subsidiary, advancing therapies including sirexatamab and FL-501. The strategic focus of the parent company is now the privacy technology and Zcash thesis, but the cancer-therapy work continues alongside.
In March 2026, Cypherpunk made a $5 million investment into ZODL (Zcash Open Development Lab), the company that develops the leading Zcash wallet (Zodl, formerly Zashi). ZODL is led by former Electric Coin Company CEO Josh Swihart. Co-investors include a16z, Coinbase, Paradigm, Chapter One, David Friedberg, and Balaji Srinivasan. This was Cypherpunk's first ecosystem investment outside of buying ZEC itself, and is the clearest proof point that the company is pursuing something broader than a pure treasury strategy.
Cypherpunk Technologies Inc. trades on the NASDAQ under the ticker symbol CYPH. The company was previously known as Leap Therapeutics before its rebrand and Zcash strategy launch in late 2025.
Cypherpunk has stated 5% of total Zcash supply as its accumulation goal but has not publicly committed to a timeline for reaching it, nor stated whether buying continues beyond that level. Future SEC filings and company communications will clarify the answer over time.