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Stock impact report

Leap Therapeutics Surges 300% on $50M Winklevoss-Backed Zcash Bet [Yahoo! Finance]

Sol Strategies Inc. - Common Shares (STKE) 
Company Research Source: Yahoo! Finance
million in funding led by Winklevoss Capital to pivot to a digital treasury firm, announced the purchase of $50 million of Zcash (ZEC). Alongside, the company is rebranding as Cypherpunk Technologies and will begin trading Thursday with new ticker CYPH, read a Wednesday press release About the only crypto that has risen in value in the past weeks, ZEC has more than doubled since the Leap buys, up another 12.2% over the past 24 hours to $523. LPTX shares rose 369% on Wednesday after news of the profitable investment. Digital asset treasuries pursue a strategy to raise funds by selling equity and debt to accumulate cryptocurrencies, a playbook pioneered by Michael Saylor's Strategy (MSTR) with bitcoin. They became ubiquitous this year with dozens of public firms announcing a pivot, but the frenzy has considerably cooled off over the past months as their share prices tumbled in many cases below the net asset value of their digital asset holdings. "The recent weak performance of Show less Read more
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