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ADA's Price Rescue? Cardano's Bold Bitcoin Strategy Faces Market Test
Cardano is planning a significant shift in its treasury management by converting part of its $1.2 billion reserves into Bitcoin. The strategy, outlined by founder Charles Hoskinson, involves using the yield generated from holding Bitcoin to buy back ADA tokens. This approach aims to create a feedback loop that gradually reduces ADA’s circulating supply and supports its price, potentially acquiring over 11,000 BTC and using any gains to purchase millions of ADA if Bitcoin’s pr

Keyword Financial
Jun 163 min read
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