Zcash Foundation ends Q1 with $36.69M in liquid assets and operating expenses of $817K
The Block
The Zcash Foundation reported $36.69 million in Q1 liquid assets and $817,000 in operating expenses, highlighting a lean approach compared to other crypto nonprofits.Summary
The Zcash Foundation concluded the first quarter with $36.69 million in liquid assets, primarily comprised of ZEC, cash, and USDC. Operating expenses remained modest at $817,000, underscoring a disciplined spending strategy distinct from other crypto foundations that allocate significantly more toward marketing and incentives. Additionally, the foundation marked a regulatory milestone with the SEC closing its long-standing investigation, while simultaneously navigating internal ecosystem shifts, including the departure of staff from the Electric Coin Company to form a new private venture.
(Source：The Block)