Finance
The Lowdown: 🕵️♂️
- Cypherpunk, those sly dogs backed by the Winklevoss twins, just dropped $28 million on 56,418 ZEC tokens. That’s $514.02 a pop, folks. Now they’re sitting pretty with 290,062 ZEC, worth a cool $151.9 million. That’s 1.76% of the whole shebang. 🤑
- Their cost basis? A mere $334.41 per token. While others are crying into their crypto wallets, these guys are sipping champagne. Unrealized gains? More like unrealized genius. 🥂
- ZEC is up 1,200% since September. Privacy coins are hotter than a summer day in the Salinas Valley. Investors are flocking like pigeons to a breadcrumb. 🕊️
In a world where the crypto market is as predictable as a Steinbeck novel, Cypherpunk Technologies (CYPH) is playing the long game. Backed by the Winklevoss twins-those Harvard heartthrobs turned crypto kings-the firm just shelled out $28 million for more zcash. Their stash now? 290,062 ZEC, or $152 million in real-world money. That’s enough to make even Tom Joad jealous.
According to their Tuesday press release, they snagged 56,418 tokens at $514.02 each. Now they own 1.76% of zcash’s circulating supply. Chief Investment Officer Will McEvoy-a man with a plan-says they’re gunning for 5% of the network. “Privacy is the new black,” he quipped, probably while adjusting his monocle. 🧐
This isn’t their first rodeo. Back in November, they dropped $18 million on zcash. And while CYPH shares jumped 11% to $1.31 on Tuesday, they’re down 1.5% in pre-market trading. But hey, in the crypto wild west, that’s just another Tuesday. 🤠
As the market reprices privacy, Cypherpunk is betting big. Will they strike gold, or will they end up like a forgotten chapter in The Grapes of Wrath? Only time-and the blockchain-will tell. ⏳
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2025-12-31 12:56