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Cypherpunk increased its holdings of 29,800 ZEC at an average price of $602.63, bringing the total open interest to 233,600.
On November 18, 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 first acquisition of a total of 203,775.27 ZEC, costing approximately $50 million, with an average purchase price of $245.37 per ZEC. Following this new acquisition, Cypherpunk's total holdings of ZEC reached 233,644.56 ZEC, at an average price of $291.04, accounting for 1.43% of the entire ZEC network. Last week, Cypherpunk announced the appointment of seasoned investor Khing Oei to its board. The company also announced that Will McEvoy, a partner at Winklevoss Capital, is now a board member and serves as Cypherpunk's Chief Investment Officer (CIO).