Zcash Foundation ends Q1 with $36.69M in liquid assets and operating expenses of $817K
The Block·
60-second summary
The Zcash Foundation is ending Q1 with $36.69M in liquid assets and operating expenses totaling $817,000, primarily driven by team compensation. This financial management showcases the foundation's commitment to responsible spending, allowing it to maintain a substantial reserve while supporting the Zcash ecosystem. The foundation's prudent approach is likely to reassure investors and users alike.
Zcash Foundation Q1 operating expenses came in at about $817,000, with team compensation as the largest category.