PANews reported on November 13 that according to CoinDesk, the Cardano Foundation released its first "Financial Insights Report" for 2023, revealing that the total annual expenditure was US$23.7 million. Among them, US$19.22 million was used for operations, education and ecosystem promotion, and another US$4.55 million was for center operating costs. Foundation CEO Frederik Gregaard said that the report reflects the foundation's commitment to transparency, showing resource allocation and its role in promoting the development of Cardano.
As of December 31, 2023, the Cardano Foundation has a total asset of $478.24 million, of which 82.5% is ADA, 10.1% is BTC, and the rest is USD liquidity. Since the beginning of the year, Bitcoin has risen 109%, while ADA has fallen 9%. In addition, Cardano's governance token surged 35% over the weekend after founder Charles Hoskinson announced that he would assist the Trump administration in formulating crypto policies.
