<ul data-eligibleForWebStory="true"><li>Solana co-founder criticizes Cardano's plan to diversify its $1.2 billion treasury into Bitcoin and stablecoins.</li><li>Anatoly Yakovenko from Solana challenges Cardano's move, arguing that projects shouldn't hold Bitcoin on behalf of communities.</li><li>Yakovenko suggests teams should maintain funds in low-risk assets rather than volatile cryptocurrencies like BTC.</li><li>Cardano's proposal aims to convert ADA holdings into BTC and stables to generate yield and repurchase ADA in the future.</li><li>Supporters see this as a move towards long-term stability and strategic maturity, akin to sovereign wealth funds.</li><li>Critics worry about potential pressure on ADA's price due to the treasury diversification plan.</li><li>Mixed reactions and market speculation surround the implications of Cardano's treasury transformation.</li><li>Institutional watchers are monitoring the execution and regulatory response to Cardano's diversification strategy.</li></ul>

Solana Co-founder Slams Cardano’s Bitcoin Treasury Strategy as Misguided Move

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