Cardano Foundation spent 23.7 million USD in 2023, with total assets of 478 million USD

ChainCatcher news, the Cardano Foundation released its first financial insights report on Wednesday, detailing expenditures in operations, education, and adoption for 2023. The foundation allocated $19.22 million to these three areas and additionally spent $4.55 million on central operating costs.

As of December 31, 2023, the total assets of the Cardano Foundation amounted to $478.24 million, of which 82.5% is in ADA, 10.1% in BTC, and the remainder in USD liquidity. According to TradingView data, BTC has risen by 109% since the beginning of this year, while ADA has depreciated by 9%.