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Stock impact report

Winklevoss twins bet on Zcash with new treasury firm targeting 5% supply of the privacy coin's supply [Yahoo! Finance]

Sol Strategies Inc. - Common Shares (STKE) 
Company Research Source: Yahoo! Finance
Cypherpunk, a brand new crypto treasury company backed by twins Cameron and Tyler Winklevoss, is deploying over $50 million into the Bitcoin fork. As of the launch on November 12, the firm already holds 203,775 of the privacy coins and is shooting for ownership 5% of total supply. “Privacy's become a rare, vanishing commodity,” Tyler Winklevoss said on X. “We feel strongly that Zcash could become a meaningful percentage of Bitcoin's market capitalisation just on the merits of it being a privacy hedge or insurance policy to Bitcoin's transparency alone.” Cypherpunk's launch marks one of the most high-profile bets yet that privacy will become the next flashpoint in crypto. The move comes as the Zcash Foundation is shaking up its leadership, and as state actors intensify crackdowns on privacy technology. Zcash's price has soared over 1,000% this year, and is trading at over $500. Venture capital giant Andreessen Horowitz and crypto investment manager Galaxy Digital have also noted Show less Read more
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