Zcash Foundation holds $36.69 million in liquid assets at end of Q1

Odaily Odaily reports that the Zcash Foundation disclosed that as of the end of the first quarter, it held approximately $36.69 million in liquid assets, including approximately $21 million in ZEC, $12.6 million in cash and USDC, as well as a small amount of Bitcoin and ETH.

Operating expenses in the first quarter were approximately $817,000, with team salary being the largest expense item. Overall, the Zcash Foundation's recent quarterly spending has remained below $1 million, reflecting a relatively conservative financial structure.

This contrasts with the large-scale incentive and marketing expenditures of some crypto foundations. For example, the Uniswap Foundation previously set aside over $100 million for grants and incentive programs, while the Polkadot Foundation has also faced criticism for high marketing spending.