ZEC rises 11.05% as Cypherpunk Technologies undergoes rebranding and allocates $50 million to the Zcash Treasury

On November 12, 2025,

climbed by 11.05% over a 24-hour period, reaching $476.54. This increase occurred even as the token had fallen 23.72% over the previous week, but soared 774.91% in the past year. The rally followed the announcement that Leap Therapeutics, a company listed on Nasdaq, had rebranded itself as Cypherpunk Technologies Inc. and unveiled a new strategy to operate as a (ZEC) treasury entity. This shift, which involved changing both the company’s name and ticker symbol to CYPH, was backed by a $58.88 million private funding round led by Winklevoss Capital.

Cypherpunk Technologies allocated $50 million from the capital raised to purchase 203,775.27 ZEC at an average cost of $245.37 per coin. This acquisition enables the firm to capitalize on Zcash’s privacy features, such as zero-knowledge proofs, which allow transaction validation without disclosing the sender, recipient, or transaction value. This strategy is consistent with the cypherpunk philosophy and highlights a rising institutional interest in privacy-oriented digital assets.

The company’s leadership team has also been restructured to align with its new focus. Khing Oei has taken on the role of Chairman, while Will McEvoy, a Principal at Winklevoss Capital, has been named Chief Investment Officer and board member. Both leaders stress the strategic, long-term significance of Zcash within a privacy-first financial landscape. “We’ve chosen a unique approach by assembling a group of value-driven investors who recognize the enduring importance of Zcash and privacy for both the U.S. and the global community,” McEvoy commented.

While Cypherpunk Technologies is not the first publicly traded company to pursue a digital asset treasury model, its emphasis on Zcash sets it apart from others, such as MicroStrategy’s Bitcoin strategy or BitMine’s focus on Ethereum. The company’s dual approach—retaining its biotech operations under the Leap Therapeutics brand while building a Zcash treasury—demonstrates the growing intersection of traditional finance and blockchain innovation.

To evaluate how ZEC’s recent price swings might influence investment decisions, a backtest was performed on 30 occasions since 2022 when ZEC declined by at least 10% in a day. The analysis showed that, on average, ZEC rebounded by 2.8% within five days and 3.7% within ten days. The most notable recovery occurred 21 to 22 days after the drop, with gains of around 14-15%. However, these results did not achieve statistical significance at the 95% confidence threshold, indicating that the findings should be viewed as descriptive rather than predictive.

This backtest highlights Zcash’s tendency for volatility, yet also its potential for resilience. Investors considering a long-term position in privacy-focused assets like ZEC should be aware of short-term price swings, while also considering the broader trend of institutional adoption and regulatory changes. Cypherpunk Technologies’ treasury approach, which relies on Zcash’s evolution as a privacy benchmark, could benefit from these trends if the market continues to develop.