US-listed company Cypherpunk invests $29 million to increase its holdings by 56,418.09 ZEC tokens

Foresight News reported that Nasdaq-listed privacy technology company Cypherpunk announced it has spent $29 million to acquire an additional 56,418.09 ZEC tokens at an average purchase price of $514.02. As of now, the company's total ZEC holdings have reached 290,062.67 tokens, accounting for approximately 1.76% of the current circulating supply of ZEC. Cypherpunk CEO Will McEvoy stated that the company's goal is to increase its ZEC holdings to 5% of the circulating supply.