Zcash Foundation Reports $36.7M in Q1 Liquid Assets, ZEC Largest Holding

According to Zcash Foundation's Q1 2026 financial report released by ChainCatcher, the foundation held total liquid assets of approximately $36.7 million as of March 31, with ZEC as its largest holding at roughly $21.2 million. Other holdings include approximately $12.1 million in cash, 506,556 USDC, 41.8 BTC (valued at ~$2.85 million), and 12.02 ETH (~$25,000).

The foundation's average monthly operating expenses in Q1 were approximately $272,500, with Protocol and Zebra projects accounting for 50.4% of spending.