Cypherpunk Technologies rebrands and targets Zcash acquisition, backed by Winklevoss Capital, aiming for 5% of ZEC supply.
Leap Therapeutics has rebranded as Cypherpunk Technologies, shifting its focus to acquiring Zcash (ZEC) for its digital treasury.
The company is moving away from its biopharmaceutical roots to dive into the growing digital asset space. This strategy aims to build a significant position in Zcash, a leading privacy coin in the crypto market.
Cypherpunk sees long-term value in ZEC, driven by its strong privacy features and growing demand for secure digital transactions.
Cypherpunk’s New Focus on Zcash Acquisition
Cypherpunk Technologies has committed to acquiring a substantial amount of Zcash to build its digital asset treasury.
The company recently used $50 million in proceeds from a private placement to purchase 203,775 ZEC tokens. This move is part of a long-term strategy to own at least 5% of the total Zcash supply.
The company aims to position itself as a major player in the privacy coin sector, focusing on Zcash’s potential for long-term growth.
🚨 JUST IN: Nasdaq-listed Leap Therapeutics is rebranding to Cypherpunk Technologies and becoming a Zcash treasury company backed by the Winklevoss Twins, with the goal of scooping up at least 5% of all ZEC. pic.twitter.com/P6n9zLrtWH
— CryptoChatter (@crypto_chatter1) November 13, 2025
Zcash is known for its privacy features, including the use of zero-knowledge proofs (zk-SNARKs), which enable anonymous transactions. This technology sets Zcash apart from other cryptocurrencies, making it appealing to investors and users who prioritize privacy.
Moreover, Cypherpunk is betting on the long-term value of these privacy features as the crypto market continues to evolve.
Cypherpunk’s decision to focus on ZEC reflects its confidence in the privacy coin’s future. The company believes ZEC will play a key role in the future of digital finance. With Zcash’s growing adoption, Cypherpunk hopes to benefit from this privacy-driven trend.
Winklevoss Capital Backs Cypherpunk’s Strategy
Cypherpunk’s new direction has the backing of Winklevoss Capital, led by Tyler and Cameron Winklevoss.
Winklevoss Capital played a key role in Cypherpunk’s recent $58.88 million private placement. This partnership highlights the growing interest in privacy coins and the long-term potential of Zcash. The Winklevoss twins, co-founders of the Gemini exchange, have been vocal supporters of privacy in the crypto world.
Our first major Zcash DAT has landed
Biotech firm Leap Therapeutics rebranded as Cypherpunk Technologies to launch a ZEC DAT
Seeded with $58.8M, led by Winklevoss Capital
And they’ve already bought 203,775 ZEC at a $245 average
Their CYPH shares will start trading tomorrow pic.twitter.com/hIBkGLDwNU
— TylerD 🧙♂️ (@Tyler_Did_It) November 12, 2025
Tyler Winklevoss has praised Zcash’s privacy technology, emphasizing its importance as more digital transactions move online.
He views Zcash as a critical tool for safeguarding privacy in an increasingly transparent digital world. Winklevoss Capital’s investment will provide Cypherpunk with the resources needed to strengthen its ZEC treasury and expand its influence.
The Winklevoss twins’ involvement with Cypherpunk underscores the broader trend of institutional interest in privacy-enhancing technologies. Their support is expected to help propel Cypherpunk’s plans to acquire more ZEC tokens and support the development of Zcash.
Zcash’s Future in the Privacy Coin Market
ZEC has become a leading privacy coin due to its unique privacy features, particularly zk-SNARKs. These features enable transactions to remain completely private while still being verifiable on the blockchain.
Privacy concerns continue to grow in both the crypto space and the broader digital economy; hence, Zcash’s importance is expected to increase.
Cypherpunk Technologies sees Zcash as a key asset in its digital asset treasury strategy. Developer Mert has highlighted that Zcash’s growing adoption could lead to higher market net asset values (MNAV) and increased buying pressure. As privacy remains a priority, Zcash is likely to see increased demand, making it a strong investment for the future.
Besides, with its focus on acquiring ZEC, Cypherpunk aims to capitalize on the privacy coin’s potential. The company’s strategy positions it to play a pivotal role in the future of privacy coins.
With privacy becoming a critical issue in the digital world, Cypherpunk’s investment in Zcash could help shape the future of secure digital transactions.