Charles Hoskinson Proposes $100 Million Bitcoin Purchase to Strengthen Cardano DeFi
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Charles Hoskinson, Cardano’s founder, has proposed using $100 million worth of ADA from the Cardano treasury to buy Bitcoin (along with Cardano-native stablecoins) as part of a sovereign wealth–style play to strengthen Cardano's DeFi ecosystem
🔍 What He Actually Said
He suggested converting 5–10% (~$100 million) of Cardano’s ~$1.2 billion ADA treasury into Bitcoin plus stablecoins to:
Increase liquidity and improve the stablecoin-to-TV ratio to ~30–40%.
Generate yield, which would be used to buy ADA back over time.
Fund and bootstrap Bitcoin-based DeFi applications on Cardano crypto-news-
This move wouldn’t happen overnight—a slow execution via TWAPs and OTC is planned to avoid market impact
🗣 How It Was Presented
Proposed during a YouTube livestream and in-depth roadmap documents, with involvement from Cardano Foundation and the Hoskinson family office
The proposal is still under community discussion and hasn’t been finalized yet .
✅ Why This Matters
First real “sovereign wealth fund” in crypto: Yielding Bitcoin and stablecoins to fund ADA buybacks is novel btcnews.com.
DeFi growth catalyst: Adding Bitcoin and stablecoin liquidity supports native Cardano DeFi activity
Buyer confidence: Hoskinson argues the treasury can sell gradually without damaging ADA’s liquidity—citing daily multi-million-dollar trading volume
⚠️ TL;DR
No, Charles did not state he would personally buy $100 million of BTC directly—rather, he's proposing the Cardano treasury invest that sum into Bitcoin and stablecoins to fortify the ecosystem and fund ADA buybacks.