Cypherpunk Increases Holdings by Acquiring 29,800 ZEC at an Average Price of $602.63, Bringing Total Holdings to 233,600 ZEC

BlockBeats News, November 18th, Cypherpunk Technologies Inc. (Nasdaq: CYPH) announced today that the company has purchased an additional 29,869.29 ZEC at an average price of $602.63 per ZEC, totaling $18 million. Previously, the company disclosed its initial purchase of a total of 203,775.27 ZEC, spending approximately $50 million at an average price of $245.37 per ZEC. With this additional acquisition, Cypherpunk's total ZEC holdings now amount to 233,644.56 ZEC, with an average price of $291.04, representing 1.43% of the entire ZEC network.

Last week, Cypherpunk announced the appointment of seasoned investor Khing Oei to its board of directors. The company also announced that Will McEvoy, a partner at Winklevoss Capital, currently serves as a board member and Cypherpunk's Chief Investment Officer (CIO).