Cardano Foundation: Holds Over $650 Million in Crypto Assets, Bitcoin Accounts for 15%

BlockBeats News, July 10th, according to CoinDesk, the Cardano Foundation released a report revealing that as the cryptocurrency prices surged, the value of its held crypto assets has increased from $478.24 million to $659.1 million. Currently, Bitcoin accounts for about 15% of its crypto holdings, while ADA's share in its held assets has decreased from 83% to 77%.

The Cardano Foundation stated that its primary source of income currently is staking rewards. By 2024, the foundation will hold 5.992 billion ADA and has received a total of 17.1 million ADA through staking, with a return rate of 2.7%.