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%.
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Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
