Cardano Foundation Reports $659M in Assets With 15% in Bitcoin
2025-07-10 17:00:35
Main Idea
The Cardano Foundation reported $659.1 million in assets at the end of 2024, with 76.7% in ADA, 14.9% in Bitcoin, and 8.3% in cash or equivalents, while allocating funds for ecosystem growth and operational resilience.
Key Points
1. Cardano Foundation held $659.1 million in assets as of December 31, 2024, with 76.7% in ADA, 14.9% in Bitcoin, and 8.3% in cash or equivalents.
2. $22.1 million was allocated to ecosystem growth, operational resilience, and education, with $7.1 million for internal operations.
3. The Foundation supported initiatives like the Chang hard fork, Inter-Blockchain Communication Protocol compatibility, and PRAGMA.
4. Charles Hoskinson proposed converting $100 million of ADA into stablecoins and Bitcoin to improve liquidity and support DeFi growth.
5. The report emphasized traceability by storing all financial disclosures on-chain, with no forward-looking budget or projected ADA liquidation plans.
Description
Key Takeaways: Cardano Foundation held $659.1 million in assets at the end of 2024. 76.7% of assets were in ADA, 14.9% in BTC, and 8.3% in cash or equivalents. $22.1M was allocated to ecosystem growth, with $7.1M for internal operations. The Cardano Foundation disclosed its financial allocations and asset composition in its 2024 Financial Insights Report, published on-chain on July 10. Just published: Our 2024 Financial Insights Report, fully on-chain using Reeve. Highlights: • $22.1M allocated ...
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