Cypherpunk Technologies Doubles Investment After $50M Zcash Purchase

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) 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.