随着比特币和现金占据储备份额的增加，卡尔达诺基金会的 ADA 份额萎缩

The Cardano Foundation ended 2025 with a balance sheet less concentrated in ADA, as Bitcoin and cash accounting for a larger share of reserves after a year of sharp price divergence. That shift reflected changes in portfolio composition by value rather than a wholesale move out of ADA and into Bitcoin. The Foundation reduced both ADA and BTC holdings during the year, but ADA’s weaker market performance and a broader buildup in cash and financial assets changed the mix of reserves . The drop in headline value reflected a difficult year for Cardano’s native token, ADA, but the more notable shift came in the composition of the Foundation’s holdings. In its 2025 Activity and Financial Insights Report shared with CryptoSlate , the Foundation said its total assets stood at 287.5 million Swiss francs, or about $361 million. This represents a 45% decline from the $659.1 million assets it held as of the end of 2024. The drop in headline value reflected a difficult year for Cardano’s native token, ADA , but the more notable shift came in the composition of the Foundation’s holdings. Why this matters: In unit terms, the Foundation cut its Bitcoin holdings more sharply than its ADA holdings in 2025, reducing BTC to 656 from 1,054 a year earlier, while ADA fell to 561.4 million from 599.1 million. Bitcoin’s larger share of reserves therefore reflected relative price performance and the changing makeup of the balance sheet, rather than an outright pivot from ADA into BTC. Related Reading Bitcoin rally has pushed Cardano Foundation BTC holdings to over $100 million The Foundation's staking generated over 20 million in ADA reward tokens. Nov 13, 2024 · Oluwapelumi Adejumo A year earlier, the Foundation said 76.7% of its assets were held in ADA, 14.9% in Bitcoin, and 8.3% in cash, cash equivalents, and financial assets. However, by the end of 2025, ADA’s share had fallen to about 51.6%, while BTC rose to 25.5%, and cash, cash equivalents, and financial assets climbed to 22.9%. Carda