Cypherpunk Owns $500M of Zcash and 18% of Its Hashrate | CIO Will McEvoy

Zcash has emerged as a critical asset for financial privacy, driven by the increasing ability of AI to de-anonymize transparent ledgers like Bitcoin. Cypherpunk Technologies, led by CIO Will McEvoy, currently controls approximately 18% of the Zcash hash rate and aims to accumulate 5% of the total supply. The company operates as a publicly traded entity that leverages mining profitability—which remains high due to the inelastic supply of specialized Bitmain hardware—to fund further investments in privacy-focused infrastructure and applications. By positioning itself as a foundational player in the privacy domain, Cypherpunk Technologies seeks to provide public market exposure to the growing necessity of private digital transactions. The firm maintains an ultra-long-term holding strategy, viewing Zcash as the essential private store of value in an era where personal data and financial activity face unprecedented exposure risks.