Cardano Foundation's latest financial report: asset reserves have risen to $659 million, with ADA accounting for 76% and Bitcoin 15%.

The Cardano Foundation recently released its latest financial report, indicating a significant increase in total assets, growing from $478.24 million at the end of 2023 to $659.1 million in 2024. At the same time, the foundation announced the official launch of Reeve, an enterprise-level financial reporting system based on the Cardano blockchain, on July 8, aiming to enhance the transparency and security of financial data. (Background: Cardano is preparing to exchange coins! The founder proposed using $100 million ADA to exchange for Bitcoin and stablecoins to address the liquidity shortage in DeFi) (Context: The founder of Solana criticized the 'exchange of $100 million ADA for Bitcoin' as foolish, and Hoskinson responded after several days of silence) The public chain Cardano's developing organization, the Cardano Foundation, recently released its latest financial report, indicating a significant increase in total assets, growing from $478.24 million at the end of 2023 to $659.1 million in 2024. At the same time, the foundation announced the official launch of Reeve, an enterprise-level financial reporting system based on the Cardano blockchain, on July 8, aiming to enhance the transparency and security of financial data. Cardano's total asset value increased to $659.1 million According to its latest financial report, the total asset value of the Cardano Foundation increased from $478.24 million at the end of 2023 to $659.1 million in 2024, a significant rise primarily due to the price increase in the cryptocurrency market. In terms of asset composition, Cardano’s own token ADA accounts for 76.7% of the foundation's assets, approximately 599.2 million tokens, a slight decrease from 83% in 2023. Bitcoin accounts for 15% of the assets, approximately $99 million. The remaining 8.3% is in cash and cash equivalents, serving as a liquidity reserve. It is worth noting that previously, Cardano founder Charles Hoskinson proposed using approximately $100 million worth of ADA to exchange for Bitcoin and stablecoins to further diversify the foundation's assets. However, this proposal faced community opposition due to concerns that it might undermine ADA's core position in the ecosystem. Main source of income is staking rewards The Cardano Foundation noted that its main source of income comes from staking rewards. In 2024, the foundation earned 17.1 million ADA in staking rewards by holding 599.2 million ADA, resulting in an annualized return of 2.7%. At the same time, the foundation prioritizes delegating staking to pools that contribute positively to the Cardano ecosystem to support the decentralized development of the network. However, as the Cardano reserve pool releases 0.22%-0.3% of ADA every five days, the staking return rate is showing a downward trend, and future income may increasingly rely on transaction fees. What is the Reeve financial reporting system? The Cardano Foundation officially launched Reeve on July 8, stating that it is an enterprise-level financial reporting system based on the Cardano blockchain, aimed at enhancing the transparency and security of financial data. Features of Reeve include: Blockchain integration: As an open-source "ledger on the blockchain," Reeve seamlessly integrates with enterprise resource planning (ERP) systems, recording financial data on the Cardano blockchain to ensure data is tamper-proof and verifiable. Transparency and efficiency: It addresses data silos and fraud risks in traditional financial reporting, providing a fast and low-cost auditing process. Flexibility: Enterprises can manage data visibility according to their needs while protecting sensitive information and disclosing auditable data. Today, the Cardano Foundation launches Reeve—our open-source solution for on-chain financial reporting on Cardano. Verifiable, auditable financial transparency Simplified, cost-efficient reporting Tamper-proof data sharing Explore Reeve now: pic.twitter.com/lD0KxbIrfh — Cardano Foundation (@Cardano_CF) July 8, 2025 The foundation added that Reeve's application scenarios cover non-governmental organizations (NGOs), ESG-oriented enterprises, and public institutions, particularly suitable for scenarios requiring high transparency and compliance. Currently, the Cardano Foundation has taken the lead in importing its 2024 financial report into the Reeve system, publicly disclosing its expenditure and income data as a demonstration of transparency. Meanwhile, the code for Reeve has been made public on GitHub (version 1.0.0), and the foundation is seeking partners for pilot projects, expecting a full public release in the second quarter of 2025. Related Reports Nasdaq applies to the SEC: Including XRP, SOL, XLM, ADA in the cryptocurrency index Latest list for the White House cryptocurrency summit: No SOL or ADA representatives invited, all U.S. exchange CEOs in attendance The list for the White House cryptocurrency summit is revealed: $ADA founder not invited! <Cardano Foundation's latest financial report: Asset reserves rise to $659 million, with ADA accounting for 76% and Bitcoin 15%> This article was first published in BlockTempo, the most influential blockchain news media.