Cardano Foundation Discloses 15% Bitcoin Assets in $659M Financial Statement
The Cardano Foundation has just disclosed that it possesses nearly $100 million in BTC, which makes up about 15% of its $659 million reserve. The majority of its assets, as anticipated, remain in 
ADA ▲8.54% as expected. However, discussions about converting more ADA into BTC ▲4.05% and stablecoins is intensifying.
A proposition by Charles Hoskinson to transform $100 million in ADA into Bitcoin and stablecoins may cause significant shifts. The aim is to enhance Cardano’s struggling DeFi sector. Currently, it’s unclear if this proposal has been implemented or put on hodl.
Cardano Boosts BTC Reserves: Strategic Move or Just Hedges?
The Cardano Foundation’s 2024 Financial Insights Report indicates they concluded the year with $659 million in total assets. A considerable 76.7% is held in ADA, which isn’t surprising, but the noteworthy fact is the 14.9% allocated to BTC, amounting to approximately $98 million.
Additionally, 8.3% is maintained in cash and equivalents for liquidity. This isn’t merely a symbolic action but rather a serious investment in BTC, possibly to hedge against the market fluctuation of ADA or a strategy of diversification.
According to on-chain data from its 2024 Financial Report, the Foundation held 76.7% in $ADA, 14.9% in $BTC, and 8.3% in cash.
$22.1M was allocated to ecosystem growth and $7.1M to internal operations. pic.twitter.com/Yk0reDUs4b
— Coin Bureau (@coinbureau) July 10, 2025
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What’s intriguing is the timing of these moves. In late 2024, observers noted a trend towards increasing Bitcoin holdings, which were then around $50 million. Now, that stack has nearly doubled, indicating that Cardano’s treasury is active and not just languishing.
Furthermore, they invested $22.1 million during 2024 in areas like growth of the ecosystem. This encompasses adoption initiatives, education, general scaling, and an additional $7.1 million dedicated to operational aspects such as governance and legal matters.
They are also generating significant income through staking, accumulating 17.1 million ADA in 2024 while holding 599.2 million ADA. This indicates a solid return and demonstrates the Foundation’s engagement beyond mere HODLing.
$ADA is sending
— Comet (@Cometdefi) July 10, 2025
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This shift towards Bitcoin aligns with a broader trend among leading crypto entities viewing BTC as “digital gold.” While this could provoke some hardcore ADA advocates, it seems that Cardano’s leadership is focused on long-term strategy.
Hoskinson’s $100 Million Conversion Plan: Bold Strategy or Potential Mistake?
In June 2025, Charles Hoskinson proposed a notable initiative to convert $100 million worth of ADA into a combination of BTC and stablecoins such as USDA, USDM, and iUSD. This proposal comes in response to the underperformance of Cardano’s Decentralized finance scene, with its stablecoin to total value locked (TVL) ratio falling below 10%.
With a mere $33 million in stablecoins compared to a $330 million total value locked, the disparity becomes glaring when placed alongside Ethereum’s 190% and Solana’s 110% TVL ratios.
Charles Hoskinson has proposed a $100M ecosystem boost for Cardano.
The idea:
• Mint stablecoins (USDM, USDA, iUSD)
• Generate treasury yield
• Seed long-term DeFi growthShould Cardano operate like a sovereign wealth fund?
— TapTools (@TapTools) June 16, 2025
Hoskinson aims to quickly change that narrative. He’s proposed establishing a sovereign-style treasury fund, with management base level from regulated Web3 asset managers. Additionally, he plans to overhaul governance through new voting methodologies and private ballots for sensitive initiatives.
This strategy is both bold and contentious. Some view it as a necessary shift to be competitive within the Decentralized finance landscape, while others express concerns that it might negatively impact ADA’s price by flooding the market.
Compounding the controversy, Cardano Foundation CEO Frederik Gregaard does not regard TVL as a critical metric for adoption. Back in March 2025, he minimized the significance of elevating stablecoin ratios. This indicates a clear disagreement about the direction Cardano should pursue.
Cardano $ADA often gets criticized for low TVL, but that’s due to our construction of a superior financial system.
Liquid locking tokens represents an unparalleled innovation in financial freedom: earn yield, maintain available volume, secure the network.
Here’s what our TVL should resemble
— McJared (@fathermcjared) July 6, 2025
Meanwhile, discussions are already emerging on social media about whether the BTC acquisition is prudent risk management or a distraction from core objectives.
The $100 million conversion initiative remains unconfirmed as of July 11, 2025, leaving it uncertain how events will unfold. However, it’s evident that Cardano will remain proactive. Whether this decision transforms the ecosystem or incites internal discord will be a significant narrative in the upcoming months.
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