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Zcash has risen 31% over the last week, while Bitcoin and other major coins are in the red. Cypherpunk Technologies, a publicly traded treasury firm, has purchased an additional 29,869.29 ZEC for $18 million, bringing its total ZEC holdings to 233,644.56. The company's ZEC treasury is now valued at over $146 million. Analysts suggest that Zcash's recent surge may be due to concerns around Bitcoin's transparency and growing mainstream profile.

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