The post Zcash Keeps Rising as Bitcoin Falls—And This Treasury Firm Just Bought More ZEC appeared on BitcoinEthereumNews.com. In brief Zcash treasury firm Cypherpunk Technologies bought another $18 million worth of ZEC. The privacy coin has recently surged in value by 15x since the start of September. Cypherpunk’s stock is up 469% over the last month, following the Zcash pivot. Long-running privacy coin Zcash (ZEC) has continued its recent surge, rising 31% over the last week even as Bitcoin, Ethereum, and other major coins are deep in the red—and now a publicly traded treasury firm said it has amassed even more of the rising cryptocurrency. Cypherpunk Technologies (Nasdaq: CYPH) announced Wednesday that it has purchased an additional 29,869.29 ZEC (Zcash) for $18 million at an average price of $602.63 per coin. Combined with the firm’s initial acquisition of 203,775.27 ZEC for $50 million, the company now holds 233,644.56 ZEC at an average price of $291.04, representing 1.43% of the total ZEC supply. Cypherpunk’s ZEC treasury is now valued above $146 million.  Zcash recently traded hands at $626 per coin, up 125% over the last 30 days and marking a more than 15x jump since the start of September. The price of ZEC has eclipsed the $700 mark multiple times so far this month, but has remained volatile, with sizable swings up and down the charts. Even with the recent upswing, ZEC remains far from its all-time high mark of $3,191 set upon its debut in 2016. Bitcoin, by contrast, has set a more recent record high, peaking above $126,000 in early October. However, it has fallen sharply since, diving to a new seven-month low of nearly $88,637 on Wednesday. Bitcoin is down more than 12% over the last week, while Zcash has jumped 31% during the same span. Cypherpunk Technologies unveiled its Zcash treasury earlier this month with the backing of Winklevoss Capital, the VC firm founded… The post Zcash Keeps Rising as Bitcoin Falls—And This Treasury Firm Just Bought More ZEC appeared on BitcoinEthereumNews.com. In brief Zcash treasury firm Cypherpunk Technologies bought another $18 million worth of ZEC. The privacy coin has recently surged in value by 15x since the start of September. Cypherpunk’s stock is up 469% over the last month, following the Zcash pivot. Long-running privacy coin Zcash (ZEC) has continued its recent surge, rising 31% over the last week even as Bitcoin, Ethereum, and other major coins are deep in the red—and now a publicly traded treasury firm said it has amassed even more of the rising cryptocurrency. Cypherpunk Technologies (Nasdaq: CYPH) announced Wednesday that it has purchased an additional 29,869.29 ZEC (Zcash) for $18 million at an average price of $602.63 per coin. Combined with the firm’s initial acquisition of 203,775.27 ZEC for $50 million, the company now holds 233,644.56 ZEC at an average price of $291.04, representing 1.43% of the total ZEC supply. Cypherpunk’s ZEC treasury is now valued above $146 million.  Zcash recently traded hands at $626 per coin, up 125% over the last 30 days and marking a more than 15x jump since the start of September. The price of ZEC has eclipsed the $700 mark multiple times so far this month, but has remained volatile, with sizable swings up and down the charts. Even with the recent upswing, ZEC remains far from its all-time high mark of $3,191 set upon its debut in 2016. Bitcoin, by contrast, has set a more recent record high, peaking above $126,000 in early October. However, it has fallen sharply since, diving to a new seven-month low of nearly $88,637 on Wednesday. Bitcoin is down more than 12% over the last week, while Zcash has jumped 31% during the same span. Cypherpunk Technologies unveiled its Zcash treasury earlier this month with the backing of Winklevoss Capital, the VC firm founded…