Cardano Foundation spends $23.7 million in 2023, totaling $478 million in assets

The Cardano Foundation released its first financial insight report Wednesday, Nov. 13, detailing 2023 spending in operations, education and adoption. The foundation allocated $19.22 million in these three areas, with an additional $4.55 million for central operating costs. As of Dec. 31, 2023, the Cardano Foundation's assets totaled $478.24 million, of which 82.5% was held in ADA, 10.1% in BTC, and the remainder in U.S. dollar liquidity.