Barry Silbert Sells Zcash Trust Shares After Huge Price Surge

Grayscale’s Zcash Trust saw a dramatic price surge following a private placement for accredited investors a month ago. A recent sale of shares by Barry Silbert-linked firm, Silbert Family Investments LLC, reflects this rally and marks the end of eight years of holding ZEC. SEC filings reveal their decision to sell 9,753 shares after purchasing them in 2017 through a private transaction with the issuer for cash. This follows a pattern of recent asset sales by major players in the crypto sphere such as DCG and DCG International Investments.