The Cardano Foundation on Wednesday released its first Financial Insights report detailing spending in 2023 on operations, education and adoption. The foundation allocated $19.22 million in those three areas and another $4.55 million for central operating costs. As of December 31, 2023, the total assets of the Cardano Foundation are $478.24 million, of which 82.5% are held in ADA, 10.1% in BTC, and the remainder in USD liquidity.