BTC$78,661+0.5% ZEC$403.50+8.1% XMR$395.74+2.7% DASH$39.22+5.5% FIRO$0.8805-0.2% ARRR$0.2016+0.4% BEAM$0.0193-3.2% GRIN$0.0320-2.5% IRON$0.0592+4.3% SCRT$0.1068+5.3% NIGHT$0.0319+0.7% ZCSH$26.79+8.57% CYPH$0.97+9.47% EZRA$0.17-0.06% BTC$78,661+0.5% ZEC$403.50+8.1% XMR$395.74+2.7% DASH$39.22+5.5% FIRO$0.8805-0.2% ARRR$0.2016+0.4% BEAM$0.0193-3.2% GRIN$0.0320-2.5% IRON$0.0592+4.3% SCRT$0.1068+5.3% NIGHT$0.0319+0.7% ZCSH$26.79+8.57% CYPH$0.97+9.47% EZRA$0.17-0.06%
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Zcash treasury · corporate

Cypherpunk Technologies

Privacy-focused technology company accumulating ZEC as a corporate treasury asset. Goal is 5% of total Zcash network supply. Also invested $5M in Zcash Open Development Lab (ZODL).

cypherpunk.com
CYPH (Nasdaq)
303,906 ZEC
1.82% of supply · as of 2026-04-16
ZEC Holdings Value
$122.6M
at $403.50 per ZEC
CYPH Share Price
$0.97
+9.47% today · Market Cap $87.6M
Discount to NAV
-28.6%
$288 implied vs $404 spot

mNAV compares CYPH's market capitalization against the dollar value of its ZEC holdings at spot. Does not adjust for cash, debt, or non-ZEC assets. Methodology ›

Acquisition summary: Average price $332.83 per ZEC. Total cost basis $101.1M. ZEC holdings value $122.6M at $403.50. Unrealized gain: $21,477,065.

SEC filings and disclosures

Each row is a publicly disclosed filing or announcement, most recent first. SEC filings link to the original document on sec.gov. Press releases link to the issuing source.

Date Filing Amount (ZEC) Market Value Avg Price Network % Source
2026-04-16 Press release 303,906.40 $122.6M $332.83 1.82% PR Newswire >
Press release announcing expanded ZEC stake to 303,906.4 ZEC, launch of a new website, and an investor dashboard.
2026-03-09 Press release 294,743.10 $118.9M $335.89 1.78% PR Newswire >
Press release announcing a $5M investment into Zcash Open Development Lab (ZODL) and an increase in ZEC treasury to 294,743.1 ZEC.
2025-12-30 8-K
0001104659-25-125039
 290,062.67 $117.0M $334.41 1.76% Filing index >
Current report disclosing 290,062.67 ZEC held at an average cost of $334.41 per coin, representing 1.76% of circulating supply.
Holdings verified as of 2026-04-16 from Cypherpunk Technologies 8-K filed 2025-12-30. Source: SEC EDGAR and public disclosures. zkonomics is not affiliated with the SEC or with any treasury entity.
Why this position exists. Cypherpunk Technologies is one of a small number of public entities accumulating Zcash. Read the institutional case for Zcash for the thesis behind the moves, the structural reason Zcash works for institutions where Monero cannot, and the named investors who have spoken on the record.