The Zcash Foundation's total liquid assets in Q1 are approximately 36.7 million USD, with ZEC being the largest holding

The financial report for the first quarter of 2026 released by the Zcash Foundation shows that as of March 31, the foundation's total current assets were approximately $36.7 million, with net current assets around $36.68 million. This includes about $12.11 million in cash (USD), 506,556 USDC, 85,412 ZEC (approximately $21.2 million), 41.8 BTC (approximately $2.85 million), and 12.02 ETH (approximately $25,000).

In addition, the foundation's average monthly operating expenses for the first quarter were approximately $272,500, with the Protocol / Zebra project accounting for the highest proportion at 50.4%. Zcash Foundation Executive Director Alex Bornstein stated that the focus for Q2 will continue to advance the NU7 upgrade, Z3 technology stack development, and Zebra performance optimization.