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ZCash surges 7% after Digital Currency Group CEO announces $85M purchase -Breaking

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Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days.

Silbert tweeted his Wednesday message to his over 678,000 followers. AnnouncementZcash has purchased $85,000,000 (ZECThe average value of tokens is $226. The buy is just the latest for Silbert, who seems to be portraying himself as a contrarian in the crypto market — responding to negative comments on ZEC by purchasing millions more.

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