The Cardano Foundation has disclosed that its assets totaled $478.24 million as of Dec. 31, 2023.
The Foundation holds 82.7% in ADA, 10.1% in Bitcoin, and the remainder in USD liquidity.
With the recent market rally, the value of the Foundation's Bitcoin holdings has reached an estimated $103.7 million.
The Foundation allocated $19.22 million to operational resilience, education, and adoption, with the largest share of expenses going toward driving Cardano's adoption.