A biotech company, Leap Therapeutics, has purchased 203,775.27 ZEC tokens at an average price of $245 as part of its pivot to a digital asset treasury strategy. The firm has rebranded to Cypherpunk Technologies Inc. and secured a $58.88 million private placement led by VC firm Winklevoss Capital. This move aims to complement Leap’s biotech business and create long-term shareholder value through active participation in Zcash, a privacy-focused crypto.
Source: https://decrypt.co/348274/zcash-treasury-company-launches-with-winklevoss-backing