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Stock impact report

Is Zcash the Next Corporate Treasury Play? Cypherpunk Now Holds Nearly 2% [Yahoo! Finance]

Sol Strategies Inc. - Common Shares (STKE) 
Company Research Source: Yahoo! Finance
The Nasdaq-listed company said it purchased an additional 56,418.09 ZEC for about $29 million at an average price of $514.02 per token. With the latest transaction, Cypherpunk now holds 290,062.67 ZEC, equal to roughly 1.76% of Zcash's circulating supply. The company said its total position was accumulated at a blended average price of $334.41 per ZEC. Chief investment officer Will McEvoy said the company is working toward a long-term goal of holding 5% of the Zcash network. He framed the strategy around the growing relevance of financial privacy while also pointing to plans to expand into other privacy-focused technologies. The move comes after a sharp corporate pivot, as the firm was formerly known as Leap Therapeutics before rebranding in November as Cypherpunk Technologies and has now repositioned itself as a Zcash-focused digital asset company. Its stock has been increasing almost 170% since the rebrand, up to approximately $1.18 compared to approximately $0.44, as p Show less Read more
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