Cardano Foundation Spends $23.7 Million Across Four Areas in 2023, Releases Financial Insights Report.
In 2023, the Cardano Foundation spent $23.7 million in four areas. As of December 31, 2023, Cardano had assets worth $478.24 million, with 82.5% in ADA, 10.1% in BTC, and the rest in USD liquidity. Since then, BTC has increased by 109%, while ADA has lost 9% of its value. The Cardano Foundation, a non-profit organization that supports the Cardano network, has released its first Financial Insights Report, which details its spending on operations, education, and adoption in 2023.
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