Of the funds, 82.5% were held in ADA tokens, 10.1% in Bitcoin, and the rest were in US dollars.
The Cardano Foundation, a nonprofit organization advancing the Cardano ecosystem, reported assets totaling approximately $478 million in 2023.
On Nov. 13, the Cardano Foundation published its 2023 Financial Insights Report, which aims to provide transparency on how the organization had used its funds in core focus areas like education, adoption and resilience.
Cardano Foundation’s key focus areas. Source: Cardano Foundation