Zcash Foundation reports $36.7M in liquid assets, $817K in costs
Zcash Foundation ended Q1 with $36.7 million in liquid assets and $817,000 in operating expenses.
The Zcash Foundation, a nonprofit that supports the Zcash privacy-focused cryptocurrency, ended the first quarter with $36.7 million in liquid assets and $817,000 in operating expenses.
Liquid assets refer to cash and assets that can be converted to cash. The $36.7 million represents resources the foundation held available for program support, grants and ongoing activities during the quarter.
The $817,000 in operating expenses reflects recorded outlays to run the foundation over the same period. Operating expenses include items such as staff salaries and benefits, office and administrative costs, program delivery and grants, and payments for professional services.
The foundation funds research, awards community grants, supports educational efforts, and participates in governance related to the Zcash protocol. Its financial position determines how those activities are funded.
The Q1 figures provide a point-in-time view used in the organization’s broader financial reporting to inform stakeholders and the community about available resources and recent expenditures.
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