As capital rotates toward niche crypto narratives in 2025, privacy-focused assets are quietly staging a comeback. Zcash (ZEC) has emerged as one of the standout performers, delivering gains that surpass Bitcoin and even traditional stores of value like gold and silver.
Against this backdrop, Cypherpunk Technologies has increased its Zcash treasury exposure, reinforcing growing institutional confidence in ZEC’s long-term role within the evolving digital finance landscape.
Cypherpunk Strengthens Bet on Privacy-Focused Crypto
In a recent press release, Cypherpunk has announced the purchase of 56,418.02 ZEC, worth approximately $29 million. This latest acquisition has brought the Zcash Treasury firm’s total holdings to 290,062.7 ZEC, which is 1.76% of the token’s circulating supply.
Cypherpunk emerged in November 2025 from the rebranding of biotech firm Leap Therapeutics and launched with the Winklevoss twins as founders. According to Tyler Winklevoss, the strategic rebrand was to support decentralized privacy infrastructure; thus, the firm plans to accumulate 5% of the Zcash token supply.
Interestingly, Zcash’s use of zero-knowledge proofs allows users to transact with optional privacy, a feature Cypherpunk believes will become increasingly valuable as regulatory clarity improves and institutional interest in compliant privacy tools grows.
Further, by increasing its holdings, Cypherpunk is signaling confidence not only in Zcash’s technology but also in its long-term relevance within the crypto market.
ZEC Outperforms Traditional and Crypto Benchmarks in 2025
Zcash’s performance in 2025 has stood out sharply. Year-to-date, ZEC has recorded over 800% gain, outpacing Bitcoin as well as traditional safe-haven assets like gold and silver, underscoring a rotation toward higher-beta crypto assets with strong narratives.
Further, Zcash also surged from its psychological low of $310 to reclaim the $500 mark. Market observers attribute this performance to a combination of factors, including reduced selling pressure, growing long-term holder conviction, and increasing recognition of Zcash’s utility beyond speculative trading.
The asset’s strong gains have also reignited discussions about whether privacy-focused cryptocurrencies are entering a new growth cycle after years of muted price action. Cypherpunk’s increased allocation further reinforces the view that institutional and treasury-style investors are beginning to reposition ahead of a potential multi-year trend favoring privacy-centric protocols.
ZEC Price Action Signals Renewed Market Momentum
From a price action perspective, ZEC has shown notable strength in 2025. The token has posted higher highs and higher lows on higher timeframes, a classic bullish structure that suggests sustained buying interest. Volumes have also increased, as CoinmarketCap data shows a 3.27% rise in its 24-hour trading volume and a 2.44% increase in its market cap value.
Furthermore, ZEC has seen a 2.56% increase in the past 24 hours, trading around the $540 region. ZEC’s ability to outperform Bitcoin, gold, and silver has improved market sentiment, with analysts watching key resistance zones around the $600 mark for potential continuation of the uptrend.
While volatility remains a factor, the overall trend points to growing confidence in Zcash’s recovery narrative. If current momentum holds and treasury accumulation continues, ZEC could emerge as one of the standout performers among large-cap altcoins as we transition into 2026.













