Cardano Foundation spent $23.7 million in 2023, with total assets of $478.24 million

the Cardano Foundation released its first financial insight report on Wednesday, detailing its spending in operations, education, and adoption for 2023. The foundation allocated $19.22 million in these three areas, with an additional $4.55 million for central operating costs.

As of December 31, 2023, the Cardano Foundation's total assets were $478.24 million, with 82.5% held in ADA, 10.1% held in BTC, and the rest in USD liquidity.