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

As of December 31, 2023, the Cardano Foundation had total assets of $478.24 million, of which 82.5% was ADA, 10.1% was BTC, and the rest was U.S. dollar liquidity. According to TradingView, BTC has risen 109% since the beginning of the year, while ADA has depreciated 9%.