Cypherpunk increases its holdings by purchasing 29,800 ZEC at an average price of $602.63, bringing its total holdings to 233,600 ZEC.

BlockBeats News, November 18, Cypherpunk Technologies Inc. (NASDAQ: CYPH) announced today that the company has additionally purchased 29,869.29 ZEC at an average price of $602.63 per ZEC, totaling $18 million. Previously, the company had disclosed its initial acquisition of a total of 203,775.27 ZEC at a cost of approximately $50 million, with an average purchase price of $245.37 per ZEC. After this new acquisition, Cypherpunk's total ZEC holdings have reached 233,644.56 ZEC, with an average price of $291.04, accounting for 1.43% of the entire ZEC network.

Last week, Cypherpunk announced the appointment of veteran investor Khing Oei to the board of directors. The company also announced that Will McEvoy, a partner at Winklevoss Capital, is now a board member and Cypherpunk's Chief Investment Officer (CIO).