CandleFocus Cardano Foundation’s $478M Asset Report: BTC Holdings Could Now Top $100 Million Amid Market Surge
2024-11-14
Author: Content Editor
The Cardano Foundation has reported holding $478.24 million in assets as of Dec. 31, 2023, with the majority (82.5%) held in ADA and 10.1% in BTC. The foundation allocated $19.22 million toward key focus areas and spent $4.55 million on operational costs. The report highlights that the foundation's income comes from staking rewards generated by delegating ADA tokens. The recent release of node 10.1 precedes the upcoming Chang 2 hard fork, which will enhance the network's governance system. The implementation of Chang 2 depends on approval from the Interim Constitutional Committee and 51% of stake from Stake Pool operators.
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