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Winklevoss-backed Cypherpunk Expands Zcash Holdings

Cypherpunk Holdings, backed by the Winklevoss twins, has made a significant increase in its investment in Zcash, acquiring an additional $18 million worth of ZEC tokens. This purchase brings its total holdings in Zcash to approximately $150 million. The move aligns with the company’s strategy to bolster its investments in privacy-preserving technologies within the cryptocurrency sector. This development highlights a growing interest in Zcash, particularly given its unique market position as a privacy-focused digital asset. Cypherpunk's investment is seen as a statement about the increasing importance of privacy in the cryptocurrency landscape, especially as regulatory scrutiny intensifies around various digital assets.

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