August 16, 2019, 7:00AM EDT
• 3 min read

Litecoin Foundation's reserves dip as incoming donations stagnate

Quick Take

  • The Litecoin Foundation has been sustaining itself through a sizable donation from Litecoin founder, Charlie Lee
  • Lee donated approximately $468,000 worth of Litecoin back in December 2017, which makes up over 80% of the Foundation’s total donations since June 2017
  • Waning interest has caused merchandise sales to dip below $300 for 1Q19 while total donations have largely been under $1,000 a month
  • As a result, the Foundation has depleted 75% of its cryptocurrency reserves since 2Q18 to pay operating expenses, leaving it with a remaining balance of $96,400 as of 1Q19

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