The Cardano Foundation’s first Financial Insights Report reveals impressive transparency, detailing assets of $478 million. Most holdings are in ADA (82.7%), with Bitcoin comprising 10.1%, now valued at over $100 million thanks to recent price surges. CEO Frederik Gregaard emphasized transparency as key to Cardano’s mission.

Notably, the Foundation spent $19.22 million in 2023 on resilience, education, and adoption. The largest share, $12.92 million, fueled adoption by funding tools like identity wallets, enhancing user experience. Educational initiatives also received significant support, promoting blockchain’s benefits and fundamentals.

Earnings came from staking ADA holdings, yielding 20.9 million ADA (3.1% return), prioritizing delegations that benefit the ecosystem rather than focusing on maximum profit.

Cardano’s transparent approach sets a strong example in the crypto space—will others match this level of openness? Show Less