ZEC Rises 9.28% in 24 Hours as Privacy-Oriented Treasury Debuts

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ZEC Rises 9.28% in 24 Hours as Privacy-Oriented Treasury Debuts

Bitget-RWA2025/11/15 09:04

By:Bitget-RWA

- Cypherpunk Technologies established a $50M Zcash (ZEC) treasury, acquiring 1.25% of total supply via $58.88M private placement led by Winklevoss Capital. - CEO Douglas Onsi emphasized long-term Zcash commitment, with plans to accumulate up to 5% supply while transitioning to Nasdaq listing (CYPH ticker). - Tyler Winklevoss called Zcash "encrypted bitcoin ," highlighting privacy features as complementary to Bitcoin amid rising demand for confidential transactions. - ZEC surged 9.28% in 24 hours, reflectin

As of November 15, 2025,

ZEC

surged by 9.28% over the past day, reaching a value of $674.47. Over the previous week, ZEC climbed 27.39%, saw a 64.4% increase in the last month, and soared 1082.19% over the past year.

Cypherpunk Technologies, formerly known as Leap Therapeutics, has made a significant move to reshape its corporate direction by creating a $50 million

Zcash

(ZEC) reserve. The company purchased 203,775 ZEC at an average cost of $245.37 per coin, which accounts for about 1.25% of the entire ZEC supply. This effort is supported by a $58.88 million private funding round led by Winklevoss Capital. Cypherpunk Technologies intends to keep acquiring ZEC until it holds at least 5% of the total supply, demonstrating a strong, long-term belief in the privacy-centric cryptocurrency.

Douglas E. Onsi, who serves as CEO of

Cypherpunk Technologies

, stated that building this treasury is a deliberate strategy to enhance long-term value for shareholders by fostering Zcash’s advancement. The company will soon be listed on Nasdaq with the ticker

CYPH

, while its biotechnology segment will continue under the Leap Therapeutics brand. This transition reflects a larger industry

movement

toward digital assets, particularly as interest in privacy-focused blockchain technologies grows.

Tyler Winklevoss, Gemini’s co-founder, referred to Zcash as “encrypted

bitcoin

,” pointing out that its privacy capabilities complement Bitcoin’s open ledger. He suggested that Zcash could play a much bigger role in the future, especially as digital payments and AI technologies become increasingly widespread.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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