Cardano Foundation will spend $23.7 million in 2023, with total assets of $478.24 million

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The Cardano Foundation will spend $23.7 million and have a total asset of $478.24 million in 2023, according to the first financial report released by the Cardano Foundation on Wednesday, which detailed the expenditures in operation, education, and adoption. The foundation will allocate $19.22 million in these three areas, and an additional $4.55 million for central operational costs. As of December 31, 2023, the total assets of the Cardano Foundation were $478.24 million, with 82.5% held in ADA, 10.1% held in BTC, and the rest in USD Liquidity.

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