Zcash plummeted over 50% since the last purchase on Cypherpunk, and DAT has not increased its holdings again.

ChainCatcher News, Zcash (ZEC) has plummeted approximately 60% since its peak in November 2025, and the Zcash digital asset treasury company Cypherpunk Technologies, supported by the Winklevoss brothers, has stopped increasing its holdings since its last disclosed purchase of ZEC on December 30 of last year. The company was established in November 2025 and currently holds 290,062.67 ZEC, about 1.76% of the total supply, with a target of holding 5%.

Since the last purchase, the price of ZEC has fallen over 50%, currently trading at around $245. Based on an average purchase price of $334, Cypherpunk has an unrealized loss of $25.73 million, a decline of 26.5%. ZEC started its upward trend at the end of September last year, reaching $700 in mid-November at its peak, 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 an unrealized loss of $4.36 billion. Tom Lee’s BitMine also made the same number of ETH purchases this year, with unrealized losses reaching $6 billion this week.