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Cypherpunk Technologies Inc. NASDAQ: CYPH Treasury Reserve
The premier institutional digital asset treasury holding physical Zcash on balance sheet. Operates a MicroStrategy-style accumulation playbook with zero debt covenants.
$3.07
+25.82% (24h)
ZEC Treasury Reserve
329,872 ZEC
1.96% of total network supply
Reserve USD Value
$486.1M
Spot price: $1,473.53
Average Cost Basis
$335.89
+338.7% Unrealized P&L
mNAV Multiple
1.43x
Diluted mNAV: 1.99x
Implied Diluted Market Cap
$695.4M
226.5M in-the-money shares
Capital Structure & Dilution Waterfall
SEC Form 10-Q & Form 4
Cypherpunk Technologies capital structure consists of basic common shares plus exercised and unexercised pre-funded warrants issued in private placements:
1. Basic Common Shares Outstanding
107,764,382
2. Exercised Pre-Funded Warrants
Form 4 ↗
16,570,852
3. Non-Exercised Pre-Funded Warrants
Form 10-Q ↗
102,167,808
Diluted Share Count (mNAV Baseline)
226,503,042
4. Maximum Fully Diluted Authorized Cap
333,340,000
Analyst Guidance: Because pre-funded warrants carry negligible exercise prices (typically $0.0001), institutional research models treat them as economically equivalent to common shares.
Treasury Accumulation History
Valuation Simulation ↗
Verifiable balance sheet accumulation since initial adoption announcement.
Cypherpunk Technologies Statutory Filings & News
Direct statutory SEC EDGAR filings, material disclosure notices, and verified corporate releases
Traders Purchase Large Volume of Call Options on Cypherpunk Technologies (NASDAQ:CYPH) MarketBeat
Official SEC Edgar filing accession #0001104659-26-104753. Form type: 8-K.
Official SEC Edgar filing accession #0001104659-26-102467. Form type: 4.
Insider Selling: Cypherpunk Technologies (NASDAQ:CYPH) Director Sells $34,400.00 in Stock MarketBeat
Cypherpunk Technologies' (CYPH) "Overweight" Rating Reiterated at Cantor Fitzgerald MarketBeat
Official SEC Edgar filing accession #0001104659-26-100330. Form type: 4.
Official SEC Edgar filing accession #0002092596-26-000002. Form type: 4.
Official SEC Edgar filing accession #0002085726-26-000002. Form type: SCHEDULE 13D/A.
Official SEC Edgar filing accession #0001231919-26-000951. Form type: 4.
The Nasdaq-listed privacy firm launched Cypherpunk Mining through a $33.33 million equity deal with Winklevoss Capital, adding roughly 18% of the Zcash network's hashrate to acc...
Cypherpunk Technologies Sees Unusually High Options Volume (NASDAQ:CYPH) MarketBeat
Official SEC Edgar filing accession #0001104659-26-098120. Form type: 8-K.
Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet TradingView
Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet PR Newswire
Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet The Globe and Mail
Official SEC Edgar filing accession #0001104659-26-094449. Form type: 10-Q.
Official SEC Edgar filing accession #0001104659-26-094445. Form type: 8-K.
Cypherpunk Technologies Reports Second Quarter 2026 Financial Results PR Newswire
HeartSciences files proxy for Fortitude deal; reports $1.7M cash, no meaningful FY2026 revenue TradingView
Official SEC Edgar filing accession #0001104659-26-085399. Form type: 8-K.
Official SEC Edgar filing accession #0001104659-26-080497. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080496. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080495. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080494. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080493. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080492. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080491. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-080490. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-076364. Form type: 8-K.
Key facts: Orchard bug; Hayes sells; Cypherpunk 5% bid; AI finds 4yr ZEC bug TradingView
Cypherpunk Technologies shares tumbled to their lowest point since March as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.
'Please stop the FUD': Zcash treasury company Cypherpunk remains committed to accumulating 5% of ZEC supply The Block
Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns Decrypt
Official SEC Edgar filing accession #0001104659-26-066019. Form type: 8-K.
Official SEC Edgar filing accession #0001104659-26-060686. Form type: 8-K.
Official SEC Edgar filing accession #0001104659-26-060662. Form type: 10-Q.
Cypherpunk Technologies Reports First Quarter 2026 Financial Results PR Newswire UK
Zcash Targets Quantum-Proof Future by 2027 TradingView
Why Is Zcash Price Up By 43% Today? TradingView
Cypherpunk Increases its Zcash Stake, Launches New Website and Investor Dashboard PR Newswire
Prominent privacy coin Zcash (ZEC) has jumped 7% over the last day as the Zcash Open Development Lab announced a $25 million fundraise.
Cypherpunk Technologies boosted its zcash bet with a $28 million token purchase, lifting its holdings to 1.7% of ZEC’s circulating supply.
In a wide-ranging interview with CoinDesk's Jennifer Sanasie, Zooko Wilcox, founder of Zcash, explains his new role as Strategic Advisor to Cypherpunk Technologies and why he be...
Cypherpunk Technologies (CYPH) is making headlines as it pivots from its biotech roots to a digital asset-focused future. The company is rebranding from Leap Therapeutics and in...
Cypherpunk Technologies (CYPH) Earnings Date and Reports 2026 MarketBeat