Another Treasury Announcement Released! Chosen as the Most Popular Altcoin of Recent Times!
Leap Therapeutics, a Nasdaq-listed company, has rebranded as Cypherpunk Technologies Inc. and announced a cryptocurrency treasury strategy centered on Zcash (ZEC). The company has created a Digital Asset Treasury (DAT), initially purchasing 203,775 ZEC for $50 million at a price of $245.30 per token. Cypherpunk Technologies views Zcash as a key digital privacy asset, comparing it to Bitcoin as digital gold, and sees it as a hedge against financial opacity and AI-dominated futures.
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Ethereum and Altcoins Corporate Adoption
While Ethereum (ETH) and many altcoins continue to be adopted by major corporations as part of their treasury strategies, the latest news highlights a significant development for one of the most talked-about altcoins of recent times.
Leap Therapeutics' Focus on Zcash
According to an official statement, Nasdaq-listed company Leap Therapeutics has unveiled its cryptocurrency treasury strategy focused on the Zcash (ZEC) token. The company announced the adoption of a Digital Asset Treasury (DAT) aimed at accumulating Zcash to diversify its holdings and leverage the value of privacy-focused digital assets.
Cypherpunk Technologies Rebranding and ZEC Purchases
Leap Therapeutics also stated that it has rebranded as Cypherpunk Technologies Inc. In alignment with its DAT strategy, the company began accumulating Zcash by purchasing 203,775 ZEC tokens. A total of $50 million was spent on these purchases, with an average price of $245.30 per Zcash token.
Commitment to Privacy and Long-term Value
"...we've taken a different path by building a syndicate of value-focused investors who believe in the long-term importance of Zcash and privacy to the United States and the world," said Cypherpunk Chief Investment Officer Will McEvoy.
Zcash as a Privacy Hedge
Cypherpunk Technologies Inc. regards Zcash as "digital privacy in asset form," positioning it similarly to Bitcoin's status as "digital gold." Furthermore, Zcash is seen as providing a crucial hedge against the opacity of Bitcoin and the existing financial infrastructure, especially in a future dominated by AI.