---
title: "Multicoin goes big on zcash as privacy trade returns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285368590.md"
description: "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."
datetime: "2026-05-06T11:35:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285368590.md)
  - [en](https://longbridge.com/en/news/285368590.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285368590.md)
---

# Multicoin goes big on zcash as privacy trade returns

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

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