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.
$2.98
-10.51% (24h)
ZEC Treasury Reserve
335,702 ZEC
1.97% of total network supply
Reserve USD Value
$403.2M
Spot price: $1,201.20
Average Cost Basis
$335.89
+257.6% Unrealized P&L
mNAV Multiple
1.67x
Diluted mNAV: 1.99x
Implied Diluted Market Cap
$675.0M
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 (November 2025).
Cypherpunk Technologies Statutory Filings & News
RSS ↗Direct statutory SEC EDGAR filings, material disclosure notices, and verified corporate releases
ETFs Investing in Cypherpunk Technologies Inc. Stocks TradingView
Heartsciences Files Definitive Proxy Statement For Proposed Business Combination With Fortitude Mining TradingView
346,000 Shares of Cypherpunk Technologies $CYPH Bought by SLT Holdings LLC MarketBeat
Official SEC Edgar filing accession #0001231919-26-001453. Form type: 4.
Official SEC Edgar filing accession #0002092596-26-000004. Form type: 4.
Winklevoss Twins-Backed Cypherpunk Says Zcash Mining Is 'Nowhere Close' To Bitcoin, AI — Sees $10K Potential TradingView
The proposed fund would hold ZEC directly, trade on Nasdaq under "WINK" with Gemini as custodian, and add the Winklevoss twins to a wave of institutional interest in the privacy...
The proposed fund would charge a 0.25% fee and names Zcash treasury company Cypherpunk Technologies as its ecosystem partner.
Investors Buy High Volume of Cypherpunk Technologies Call Options (NASDAQ:CYPH) MarketBeat
Official SEC Edgar filing accession #0001104659-26-111063. Form type: 4.
Official SEC Edgar filing accession #0001104659-26-111061. Form type: 4.
Cypherpunk Technologies Director Sold Shares Worth Over $661K TradingView
A Winklevoss-backed Zcash mining bet is on track to hit $125 million a year CoinDesk
Official SEC Edgar filing accession #0001104659-26-109463. Form type: 8-K.
Cypherpunk Technologies Inc. (CYPH) Adds Amanda Fabiano to Board TradingView
Official SEC Edgar filing accession #0001104659-26-104753. Form type: 8-K.
Official SEC Edgar filing accession #0001104659-26-102467. Form type: 4.
Cypherpunk Technologies Looks Fully Valued After Zcash-Fueled Surge (NASDAQ:CYPH) Seeking Alpha
Official SEC Edgar filing accession #0001104659-26-100330. Form type: 4.
Key facts: Grayscale Seeks ZCH ETF; Cypherpunk Mining, CRYPTO:ZECUSD TradingView
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...
Official SEC Edgar filing accession #0001104659-26-098120. Form type: 8-K.
Cypherpunk launches Zcash mining fleet controlling 18% of network hashrate TradingView
Cypherpunk Technologies launches Zcash mining fleet with $33 million Winklevoss deal The Block
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 INC. 2026: Revenue $39.39M, EPS $0.18— 10-Q Summary 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.
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
Cypherpunk Technologies reports Q1 2026 net loss of $77.2M, ZEC treasury marked to $73.8M TradingView
Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZEC TradingView
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) Options Chain & Prices 2026 MarketBeat
Cypherpunk Technologies (CYPH) Earnings Date and Reports 2026 MarketBeat