Cardano releases first financials report, shows $478M in assets mainly in ADA and BTC

For the first time in history, the Cardano Foundation has published a Financial Insights Report, showing it holds $478.24 million in assets, mainly in ADA, with a bit of Bitcoin sprinkled in. CEO Frederik Gregaard, who’s driving this “open-book” approach, says the report goes hand-in-hand with Cardano’s 2023 Activity Report. “Our funds have been directed

Source: Cryptopolitan