Leap Therapeutics Rebrands as Cypherpunk Technologies (NASDAQ:CYPH), Investing USD 50 Million in Zcash
Image Source: © 2026 Krish Capital Pty. Ltd.
Highlights:
- Leap Therapeutics was rebrand as Cypherpunk Technologies Inc. and from November 13, 2025, it traded under ticker symbol CYPH.
- The company had invested USD 50 million in Zcash (ZEC), acquiring 203,775.27 coins at an average price of USD 245.37 each.
- USD 58.88 million private placement led by Winklevoss Capital completed to fund digital asset strategy.
In November 2025, Leap Therapeutics, Inc. (Nasdaq: LPTX) had announced its rebranding to Cypherpunk Technologies Inc., marking a significant transition toward a digital asset-focused business model. The company adopted a new ticker symbol, CYPH, from November 13, 2025, as part of its broader strategic pivot.
The rebranding aligns with the launch of a digital asset treasury strategy centered on accumulating Zcash’s native coin (ZEC).
Image source: © 2025 Krish Capital Pty. Ltd.
Digital Asset Treasury Strategy
The company’s shift under the Cypherpunk name signifies its focus on digital privacy and blockchain-based financial assets. The newly announced treasury strategy involves holding Zcash as a core digital asset while engaging in initiatives within the privacy and cryptography ecosystem.
The USD 58.88 million private placement, led exclusively by Winklevoss Capital, was completed to support this initiative. The funds raised were used to issue 15,212,311 shares of common stock, pre-funded warrants for 80,768,504 shares, and warrants for an additional 71,985,605 shares at an exercise price of USD 0.5335 per share.
New Leadership Appointments
Cypherpunk Technologies had announced the appointment of Khing Oei and Will McEvoy to its Board of Directors, effective November 11, 2025.
Khing Oei brings extensive experience in public, private, and digital markets, having served in leadership roles at Eyck Capital and Bardin Hill. He currently leads Treasury, a euro-denominated Bitcoin treasury firm.
Will McEvoy, a Principal at Winklevoss Capital, has a background in crypto and frontier technology investments. His experience includes research at Fundstrat and advisory roles at Dynasty Financial Partners.
Why Zcash?
Zcash, introduced in 2016 as a fork of Bitcoin, is known for its privacy-preserving blockchain built on zero-knowledge proof technology (zk-SNARKs). The protocol allows verification of transactions without disclosing sensitive information such as sender, receiver, or transaction value.
With a fixed supply of 21 million coins, Zcash combines Bitcoin’s monetary principles with advanced privacy features. The asset continues to evolve through updates like Halo 2, enhancing scalability and security while removing the need for trusted setups.
About Cypherpunk Technologies
Formerly known as Leap Therapeutics, Cypherpunk Technologies remains engaged in developing oncology-focused therapies such as sirexatamab and FL-501, while simultaneously advancing its digital asset treasury strategy. The company aims to generate long-term shareholder value by investing in privacy-oriented digital assets and supporting Zcash development.
Cypherpunk Technologies’ rebranding, Zcash-focused treasury strategy, and leadership expansion represent a new chapter for the company.
Followin this update, Leap Therapeutics’ share price jumped 368.57% to USD 2.05 per share.
Disclaimer
Investing in crypto assets carries significant risk, including potential loss of capital, extreme price volatility, limited regulatory protections, and rapidly changing market conditions. Crypto assets may not be suitable for all investors. Kovus Fintech Solutions Pvt Ltd does not promote, endorse, or suggest the purchase of any cryptocurrency or digital asset mentioned in this article. This article is for general information purposes only and does not consider your personal objectives, financial situation, or needs. Nothing contained herein should be treated as financial advice, investment advice, or a recommendation to buy, sell, or deal in any financial product or crypto asset.
Cryptocurrencies, virtual digital assets, and related tokens are not recognised as legal tender in India. This article may include sponsored content. Sponsored material has been provided or supported by the sponsor; however, all information remains general in nature and should not be interpreted as an endorsement.
