ECC Transparency Report for Q4 2022
Why release a transparency report?
Electric Coin Co. is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to empower people with economic freedom. This transparency report details company income, expenses, and use of funds during Q4 2022.
- Bootstrap received coins at a value below the ECC operating-expense level for Q4 2022. During this time, Bootstrap received coins at an average of $330,000 a month (at the Q4 average ZEC price, $43, for each of the three months’ distribution dates), and Bootstrap and ECC incurred average monthly expenses of approximately $698,000.
- At the end of Q4 2022, Bootstrap and ECC collectively held approximately $1.5M in USD and approximately 126.3K ZEC. As of June 22, 2023, the company held approximately $767K in USD and approximately 98K ZEC.