Derived from Bijié Wǎng, Cypherpunk Technologies, founded by Tyler Winklevoss, has raised $58.9 million to acquire 5% of Zcash's total supply. The company, formerly Leap Therapeutics, purchased 203,775 ZEC at an average price of $245, totaling approximately $50 million. Zcash recently hit a seven-year high above $720 before retreating to around $460. Winklevoss described Zcash as the 'cryptocurrency of Bitcoin' and highlighted its role in the digital economy alongside Bitcoin.
Cypherpunk Aims to Acquire 5% of Zcash Supply with $58M Seed Funding
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.