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    3. Zcash Reports $37.8 Million Loss, Winklevoss Turns to Cancer Treatment

    Zcash Reports $37.8 Million Loss, Winklevoss Turns to Cancer Treatment

    By: rootdata|2026/08/14 08:00:45
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    Zcash (ZEC), backed by Cypherpunk Technologies and the Winklevoss brothers, has reported a net loss of $37.8 million in its semi-annual results. As of June 30, the company had only $7.6 million in cash, down from $14 million at the end of 2025. Its digital assets, primarily in ZEC, were valued at approximately $129 million, rising to $157 million due to the increase in price. The CYPH stock is currently trading at around $0.69, with a market capitalization of $74 million, representing a multiple on net asset value (mNAV) of 0.47x. Cypherpunk has announced a pivot towards the development of Sirexatamab (DKN-01), an anti-DKK1 antibody for colorectal cancer, after receiving fast track designation from the FDA. The company will need to raise funds to finance clinical trials, as its current cash will not suffice. The Winklevoss initially planned to accumulate ZEC at low prices, with an average purchase price of $341.84, while the current price is around $489. Cypherpunk holds 323,394 ZEC, which is 1.92% of the circulating supply, far from the 5% target set by Tyler Winklevoss. The CYPH stock has lost 40% over the past year and 96% over five years, while ZEC peaked at $746 in November 2025, despite a decline of 11.4% over the last thirty days.

    -- Price

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    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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