<div id="readability-page-1"><div><ul><li>Multicoin Capital bought a significant Zcash (ZEC) position, believing private stores of value are critical as finance moves onchain.</li><li>The purchase marks a shift from Multicoin’s 2019 view, as ZEC has surged over 1,500% in the last year.</li><li>The broader thesis views privacy as a market-structure issue, leading to new developments like FHE and ZEC/Solana DeFi integration.</li></ul></div></div>

COIN

BCHG

MARA

<p>Multicoin Capital has significantly invested in Zcash (ZEC), reflecting a shift in their perspective since 2019. They believe that private stores of value are essential as finance transitions to onchain systems. This investment comes as ZEC has increased over 1,500% in the past year, with a broader thesis emphasizing privacy as a key market-structure issue, prompting innovations like FHE and ZEC/Solana DeFi integration.</p>

- Multicoin Capital has acquired a substantial position in Zcash (ZEC), citing the importance of private stores of value in the transition to onchain finance.  
- This acquisition signifies a shift from their previous 2019 perspective, coinciding with a 1,500% increase in ZEC's value over the past year.  
- The overarching thesis suggests that privacy is a critical market-structure issue, prompting innovations such as fully homomorphic encryption (FHE) and the integration of ZEC with Solana's DeFi ecosystem.

coindesk

Coinbase

Grayscale Bitcoin Cash Trust (BCH)

Mara

Hut 8 Mining

Galaxy Digital

Riot Platforms

iShares Bitcoin Trust ETF

Fidelity Wise Origin Bitcoin Fund - ETF

ProShares Bitcoin Strategy ETF

VanEck Bitcoin ETF

WisdomTree Bitcoin Fund

Franklin Bitcoin ETF

CoinShares Bitcoin ETF

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

Bitwise Bitcoin ETF

Amplify Transform Data Sharing ETF

ARK 21Shares Bitcoin ETF

Invesco Galaxy Bitcoin ETF

Multicoin goes big on zcash as privacy trade returns