Source: Coindesk.com
Cardano Foundation spent $23.7 million across four areas in 2023. As of Dec. 31, 2023, the Cardano Foundation had $478.24 million worth of assets, with 82.5% of that in ADA, 10.1% in BTC and the remainder in USD liquidity. Bitcoin has since increased by 109% whilst ADA has lost 9% of its value.
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Source: Coindesk.com