Stock Market
By Maheen Hernandez
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Shares Down 96% Over Five Years. Cypherpunk shares peaked at $3.70 last November. They've since collapsed to below $0.69.
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Sirexatamab's Rocky Path to Phase 3. The cancer drug push centers on Sirexatamab, an anti-DKK1 antibody.
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What the Funding Gap Actually Means. The accumulated deficit situation is serious. Cypherpunk is actively looking for external capital…
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Cypherpunk Technologies is making a hard pivot. The Winklevoss-backed company, sitting on a massive Zcash treasury, just posted a $37.
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The numbers are pretty rough. Cypherpunk holds 323,394 ZEC, which works out to roughly $157 million in crypto assets.
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Cypherpunk shares peaked at $3.70 last November. They've since collapsed to below $0.69. That's a 96% drop over five years — brutal by any measure.
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The crypto side of the business isn't exactly firing either. Zcash has been basically flat over the year, so Cypherpunk can't count on ZEC appreciation to bail it out.
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And there's the Gemini connection. Cameron and Tyler Winklevoss control Gemini, the exchange that serves as custodian for Cypherpunk's Zcash holdings.
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The cancer drug push centers on Sirexatamab, an anti-DKK1 antibody. It didn't outperform the control group in its Phase 2 study — specifically, it failed to show a meaningful…
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See also: US Inflation Holds at 3.4% While Bitcoin Traders Watch Feds Next Move
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That trial costs money Cypherpunk doesn't obviously have sitting around. The company is weighing its options — either funding the Phase 3 independently through some kind of…
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The Phase 2 miss is the awkward fact hanging over all of this. Drug development is brutal even when Phase 2 works.
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So the company is essentially running two capital-intensive strategies at once. It wants to keep accumulating Zcash toward that 5% target.
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The accumulated deficit situation is serious. Cypherpunk is actively looking for external capital — potential collaborations on the pharma side, possibly other structures.
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See also: Binance Holds Firm in Singapore Court Fight Over $473 Million RedotPay Claim
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