Developers of One of the Most Popular Altcoins of Late Seem to Have Filled Their Pockets

The Zcash Foundation, one of the organizations behind the privacy-focused cryptocurrency project Zcash, has published its financial report for the first quarter of 2026. According to the report, the foundation’s total liquid assets reached approximately $36.7 million.

The foundation’s reserves include approximately $12.11 million in cash, 506,556 USDC, 85,412 ZEC, 41.8 BTC, and 12.02 ETH.

According to the data in the report, the foundation’s 85,412 Zcash (ZEC) tokens are worth approximately $21.2 million, while its 41.8 Bitcoin reserves are valued at approximately $2.85 million. It was also stated that the foundation holds approximately $25,000 worth of Ethereum.

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The Zcash Foundation also addressed the development team changes and governance discussions at Electric Coin Company during the first quarter of the year. The statement noted that despite these developments, network operations were unaffected, and transaction processes and block production continued as normal.

The report, which also covered regulatory developments, stated that the investigation conducted by the SEC concluded without any sanctions being imposed.

*This is not investment advice.

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