$ADA
Hoskinson's $100M ADA Conversion Plan
Charles Hoskinson proposed converting $100 million ADA from the treasury into Bitcoin and stablecoins. This aims to boost Cardano’s DeFi ecosystem by improving on-chain liquidity. "What I’d like to see... is could we take about a hundred million worth of ADA in the treasury and convert it to a blend of a collection of stablecoins … and also convert some of it to Bitcoin to prime the Bitcoin DeFi," Hoskinson stated in a Bitcoinist article.
Hoskinson suggested using time-weighted purchases, OTC desks, and iceberg orders to gradually implement the conversion. This is to minimize market slippage and ensure smooth execution.