Cumulative corporate holdings of Zcash
Historical balance sheet accumulation telemetry across reporting public entities
Macro supply absorption
(21M max cap scarcity)
Circulating: 16,904,001 ZEC
Corporate treasuries:
908,864 ZEC (5.38%)
Shielded supply:
5,038,644 ZEC (29.81%)
Liquid public float:
10,956,492 ZEC (64.82%)
Institutional entities breakdown
View all metrics on terminal ↗
$32.42
-10.6% (24h)
ZEC holdings
Holdings directly reported via the fund website: thezcashetf.com/#overview ↗
537,954
ZEC
USD value
$652.0M
Avg. purchase price
Avg: —
Unrealized P&L
—
mNAV
Current market price per share relative to net asset value per share.
1.00x
Zcash per share
0.026621 ZEC
$2.98
-10.5% (24h)
ZEC holdings
We use the latest statement and add roughly 300 ZEC per day that we assume are mined and kept by Cypherpunk Technologies. Numbers to be adjusted based on filings.
335,702
ZEC
USD value
$406.9M
Avg. purchase price
Avg: $335.89
Unrealized P&L
+260.8%
mNAV
Basic Common Shares Outstanding (107,764,382) + exercised pre-funded warrants (16,570,852, filing ↗) + non-exercised pre-funded warrants 102,167,808 (filing ↗).
1.66x
Diluted mNAV
Diluted mNAV takes the maximum potential dilution with the 333,340,000 share count.
2.44x
$3.17
-11.0% (24h)
Zcash mined Q2
33,646
ZEC
Realized hashrate
4.0 GSol/s
Mining costs
±$70
Unrealized P&L
—
ZEC holdings
According to filings of Fortitude Mining Holdings, Inc. and reported mining production telemetry, we assume that Fortitude keeps 20% of the ZEC on its balance sheet and applies a moderate accumulation policy. This figure is subject to operational expenditures, working capital management, and actual treasury reserve allocations upon closing of the business combination.
11,063 ZEC
USD value
$13.4M
$17.25
+0.0% (24h)
ZEC holdings
Reported directly by 21Shares AG (worksheet Zcash_ETP): 1,312.64 ZEC across 100,000 securities at $17.25 NAV per share.
1,313
ZEC
USD value
$1.6M
Avg. purchase price
Avg: —
Unrealized P&L
—
mNAV
Physically backed European Exchange-Traded Product (ETP) trading on Euronext Amsterdam and Euronext Paris under ISIN CH1608218801.
1.08x
Diluted mNAV
—
$121.29
+0.0% (24h)
ZEC holdings
Reported directly via Valour Inc. (worksheet valour_ZEC): 1,011.20 ZEC across 101,455 securities at 121.29 SEK NAV per share.
1,011
ZEC
USD value
$1.2M
Avg. purchase price
Avg: —
Unrealized P&L
—
mNAV
Physically backed European Exchange-Traded Product (ETP) trading in Swedish Krona (SEK) on Spotlight Stock Market under ISIN CH1149139682.
1.00x
Diluted mNAV
—