ZEC rises 6.03% following the launch of a privacy-focused treasury

As of November 16, 2025,

climbed 6.03% over the past day, reaching $703.15. Over the past week, ZEC surged 60.45%, saw a 75.79% increase in the last month, and has jumped 1164.07% in the past year.

Cypherpunk Technologies, which was previously known as Leap Therapeutics, has made a significant move in its business transformation by creating a $50 million

(ZEC) reserve. The firm purchased 203,775 ZEC at an average cost of $245.37 per token, accounting for roughly 1.25% of the total ZEC in circulation. This purchase was financed through a $58.88 million private placement led by Winklevoss Capital, reflecting robust institutional confidence in Zcash.

CEO Douglas E. Onsi stated that building this treasury aligns with a long-term vision to foster Zcash’s development and provide lasting value for shareholders. Cypherpunk intends to keep acquiring ZEC until it holds at least 5% of the total supply. The company is also preparing to go public on Nasdaq with the ticker

, while its biotech segment will continue under the Leap Therapeutics name.

Tyler Winklevoss, co-founder of Gemini, has voiced his support for Zcash, describing it as “encrypted

.” He praised Zcash’s privacy capabilities as a complement to Bitcoin’s open ledger and suggested that Zcash could become increasingly important in digital finance, especially as AI and digital payments grow. Winklevoss also noted that Zcash’s distinct market position could enable it to benefit from Bitcoin’s projected future gains.

Zcash has also introduced new features, such as the Zashi Wallet’s Zcash Swap, which is powered by the NEAR protocol. This upgrade lets users exchange other cryptocurrencies for private ZEC, further enhancing ZEC’s attractiveness as privacy becomes more valued amid evolving regulations. The EU’s updated rules on identity checks and cash transactions are also fueling demand for privacy-oriented assets.

Recent gains in ZEC’s price have been fueled not only by institutional investments and product launches but also by the broader adoption of privacy-first blockchain technologies. With its new treasury approach and ongoing institutional interest, ZEC is gaining momentum among both retail and professional investors.

Zcash has also launched its Q4 2025 Coinholder-Directed Grants Program, inviting the community to participate in funding decisions. This program highlights ongoing efforts to decentralize governance and involve the wider Zcash community in shaping the project’s direction.

Backtest Analysis

To gain insight into Zcash’s potential performance after major price jumps, a backtest was performed on all instances where the price rose by 5% or more between January 1, 2022, and November 16, 2025. There were 163 such occurrences. The analysis found that average cumulative excess returns stayed positive for up to 30 days following a surge. Specifically, the average excess return was +11.5% after 10 days and +22.6% after 30 days, beating a buy-and-hold strategy by +10.1%. The win rate—meaning the percentage of times returns were positive—remained above 54% for the first two weeks, suggesting a steady but moderate momentum benefit.

The statistical advantage was strongest in the 1- to 10-day window but started to diminish after 22 days. This indicates that while sharp price increases can provide a short-term lift, gains tend to level off after several weeks.