ZEC rises 0.69% following the introduction of a privacy-focused treasury

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ZEC rises 0.69% following the introduction of a privacy-focused treasury

Bitget-RWA2025/11/14 09:48

By:Bitget-RWA

- Cypherpunk Technologies , rebranded from Leap Therapeutics, launched a $50M Zcash (ZEC) treasury, acquiring 1.25% of total supply at $245.37 average cost. - Winklevoss Capital led a $58.88M private placement, supporting ZEC's strategic value as "encrypted bitcoin" with privacy features complementing Bitcoin's transparency. - ZEC surged 829.57% year-to-date but dropped 15.07% in seven days, reflecting crypto market volatility amid growing adoption of privacy-focused assets. - The company plans to accumula

As of November 14, 2025, ZEC increased by 0.69% in the past day, reaching a value of $525.16. Over the previous week, ZEC declined by 15.07%, but it climbed 29.27% in the last month and surged 829.57% over the past year.

Cypherpunk Technologies, which was previously known as Leap Therapeutics, introduced a $50 million

Zcash

(ZEC) treasury on November 13, 2025. This initiative is backed by Winklevoss Capital, which led a $58.88 million private funding round in October. Cypherpunk purchased 203,775 ZEC at an average price of $245.37 per coin, accounting for about 1.25% of the total ZEC supply. The company intends to keep acquiring ZEC until it holds at least 5% of the total supply, demonstrating a strong, long-term commitment to the privacy-oriented cryptocurrency.

Douglas E. Onsi, CEO of

Cypherpunk Technologies

, stressed that the treasury approach is designed to deliver lasting value to shareholders by supporting Zcash’s growth and development. The company is set to begin trading on Nasdaq with the ticker symbol

CYPH

, while its biotech business will continue to operate under the Leap Therapeutics name. This rebranding and shift toward digital assets marks a major change in the company’s business direction.

In a public statement on X, Tyler Winklevoss, Gemini’s co-founder, underscored Zcash’s role as a valuable complement to

Bitcoin

, referring to it as “encrypted bitcoin” or “digital cash.” He pointed out that Zcash’s privacy capabilities are essential alongside Bitcoin’s openness, particularly as digital transactions and AI become more prevalent. Winklevoss also suggested that Zcash could capture a significant share of Bitcoin’s market value, especially as Bitcoin is expected to rise considerably over the next five to ten years.

Zcash has experienced notable price swings recently, rallying 1,775% from September to a peak of $750 in early November, before correcting to about $420. Currently, ZEC is trading at $525.16, reflecting a 0.69% increase in the last 24 hours and a 15.07% decrease over the past week. This volatility highlights the broader trends in the market and the growing interest in privacy-focused cryptocurrencies.

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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