The Zcash Foundation disclosed it ended the first quarter of the year with $36.69 million worth of liquid assets, including $21 million worth of (ZEC), $12.6 million worth of cash and USDC, and lesser amounts of bitcoin and ETH.
First-quarter operating expenses totaled about $817,000, with team compensation the largest category. The latest disclosure aligns with previous Zcash Foundation financial reports, which show capex spending below $1 million in recent quarters.
This stands in contrast to the spending and assets accrued by other crypto non-profits, which often incur huge expenses on incentive and advertising campaigns.
Earlier this year, for instance, the Uniswap Foundation earmarked at least $106.2 million for grants and incentives and another $26.3 million for operating costs and employee token awards through January 2027, according to an unaudited financial statement related to the ongoing “UNIfication” proposal.
Last year, Cardano founder Charles Hoskinson floated the idea of investing $100 million worth of ADA tokens held in the Cardano Foundation’s treasury to support the ecosystem’s native DeFi economy.
