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Cypherpunk Increases Holdings by Acquiring 29,800 ZEC at an Average Price of $602.63, Bringing Total Holdings to 233,600 ZEC

2 hours ago

On November 18th, Cypherpunk Technologies Inc. (Nasdaq: CYPH) made an announcement today. The company has purchased an extra 29,869.29 ZEC at an average cost of $602.63 per ZEC, with a total investment of $18 million. Previously, the company had disclosed that it initially bought a total of 203,775.27 ZEC, spending approximately $50 million at an average price of $245.37 per ZEC. With this additional acquisition, Cypherpunk's overall ZEC holdings now reach 233,644.56 ZEC, and the average price is $291.04. This represents 1.43% of the entire ZEC network. Last week, Cypherpunk announced the appointment of the experienced investor Khing Oei to its board of directors. The company also announced that Will McEvoy, a partner at Winklevoss Capital, currently serves as a board member and Cypherpunk's Chief Investment Officer (CIO).
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The US stock market continues its decline, with the Nasdaq index falling by 1.00%.

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