US macro
Take
Friday, September 18, 2026
Cypherpunk is the Zcash DAT: 323,394 ZEC at $342 cost, 1.92% of supply, target 5%, plus 18% of network hashrate bought from Winklevoss with a 43.3M-share warrant. Friday $3.60, cap ~$388M basic. At a four-digit ZEC mark the coin pile is larger than the common — basic zNAV under 1.0x, fully diluted closer to par. Q2 earnings were a ZEC mark. Oncology is leftover. This is not Strategy and not the ZEC coin desk.
Nasdaq · Friday close $3.60 · +17% on 29M shares
Price
CYPH
6M 0.00%
Snapshot
DAT under the pile, fully diluted near par
Market cap
$387.9M
vs 52-week
-2.96%
ZEC held
323,394
1.92% of circ
Cost / ZEC
$341.83
Hashrate
4.2 GSol/s
~18% of network
Cantor PT
$4.90
OW Sep 10
Warrant
43.3M sh
$0.77 implied
Basic sh
107.8M
Street
2 analysts
$5
Mean target · +36.11% vs spot
High $4.9 · Low $0.9 · Median $4.9
1
Buy
0
Hold
1
Sell
Overweight
tilt
Next
Mining production tape
2026-10
First clean 8-K on ZEC mined, cost/coin, uptime. That is how you check the 18% hashrate claim.
News
CYPH headlines
No headlines cleared the filter.
Street
DAT / mining tape
| Date | Firm | Action | Target |
|---|---|---|---|
| 09-10 | Cantor Fitzgerald | Overweight | $4.9from 1.6 |
| 08-27 | Cantor Fitzgerald | Overweight | $1.6 |
| 08-19 | Cantor Fitzgerald | Overweight | $1.6from 0.9 |
| 08-17 | Weiss | Sell (D-) | — |
Quotes delayed. Options from Cboe delayed chain. Not investment advice, not a solicitation, and not affiliated with Cypherpunk Technologies Inc..