Golden Finance reported that 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 in these three areas, and another $4.55 million for central operating costs. As of December 31, 2023, the Cardano Foundation's total assets were $478.24 million, of which 82.5% were held in ADA, 10.1% in BTC, and the rest in U.S. dollar liquidity.