ZEC +0.69% on Privacy-Backed Treasury Launch

On NOV 14 2025, ZEC rose by 0.69% within 24 hours to reach $525.16, ZEC dropped by 15.07% within 7 days, rose by 29.27% within 1 month, and rose by 829.57% within 1 year.

Cypherpunk Technologies, a rebranded entity formerly known as Leap Therapeutics, launched a $50 million Zcash (ZEC) treasury on November 13, 2025. This move is supported by Winklevoss Capital, which led a $58.88 million private placement earlier in October. Cypherpunk acquired 203,775 ZEC at an average cost of $245.37, representing approximately 1.25% of the total supply. The company plans to continue accumulating ZEC to own at least 5% of the total supply, signaling a long-term strategic commitment to the privacy-focused cryptocurrency.

Douglas E. Onsi, CEO of Cypherpunk Technologies, emphasized the significance of the treasury strategy in creating long-term shareholder value by actively participating in the development and growth of Zcash. The company will begin trading on Nasdaq under the ticker CYPH, with its biotech operations continuing under the Leap Therapeutics subsidiary. This rebranding and pivot to digital assets marks a significant shift in the company’s operational focus.

In a public post on X, Tyler Winklevoss, co-founder of Gemini, highlighted the importance of Zcash as a complementary asset to Bitcoin, describing it as “encrypted bitcoin” or “digital cash.” He argued that Zcash’s privacy features make it a necessary counterpart to Bitcoin’s transparency, especially in the context of increasing digital activity and the rise of AI. Winklevoss also noted that Zcash could capture a meaningful portion of Bitcoin’s market capitalization, particularly as Bitcoin is projected to appreciate significantly in the next five to ten years.

Zcash has shown significant price movement in recent months, with a 1,775% rally from September to a high of $750 in early November, followed by a correction to around $420. As of the current date, ZEC is trading at $525.16, with a 0.69% gain in the past 24 hours and a 15.07% drop over the last seven days. This volatility reflects broader market dynamics and the ongoing adoption of privacy-centric assets in the crypto ecosystem.