Zcash has plummeted by over 50% since Cypherpunk's last purchase, and DAT has not increased its holdings since.

According to ME News, on February 9th (UTC+8), Zcash (ZEC) has plummeted approximately 60% from its November 2025 high. Cypherpunk Technologies, the Zcash digital asset treasury company backed by the Winklevoss brothers, has stopped increasing its holdings since its last disclosed ZEC purchase on December 30th of last year. Founded in November 2025, the company currently holds 290,062.67 ZEC, approximately 1.76% of the total supply, with a target of 5%. Since its last purchase, the price of ZEC has fallen by over 50%, currently trading at around $245. Based on an average purchase price of $334, Cypherpunk has incurred a paper loss of $25.73 million, a drop of 26.5%. ZEC began its upward trend in late September of last year, briefly reaching $700 in mid-November, but has since given back most of those gains. In contrast, other major DATs are still actively increasing their holdings. Michael Saylor's Strategy has made five Bitcoin purchases in 2026, despite incurring a paper loss of $4.36 billion. Tom Lee's BitMine has also made the same number of ETH purchases this year, with paper losses reaching $6 billion this week. (Source: ME)