Cardano Foundation financial report hints at major portfolio holding
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The report highlighted that an initial endowment in ADA funded the foundation and proceeds from distributing ADA vouchers. The foundation utilizes these assets to fund activities that are aligned with its purpose and mission. It now has over 100 staff working with institutions, businesses, regulators and policymakers to solve societal and enterprise challenges in new ways across 25 countries.ADA is currently the ninth-biggest cryptocurrency by market capitalization, valued at $18.83 billion.
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