Cardano Foundation reveals $478.24 million in assets, mostly in ADA

The Cardano (ADA) Foundation released its first Financial Insights Report, detailing $23.7 million in 2023 expenditures across operations, education and adoption efforts, CoinDesk reported. As of Dec. 31, 2023, the foundation’s assets totaled $478.24 million, with 82.5% in ADA, 10.1% in BTC, and the remainder in USD. Notably, BTC has since gained 109%, while ADA's value has declined by 9%. Previously, ADA saw a sharp increase amid rumors of Cardano founder Charles Hoskinson's potential involvement in the Trump administration.