#Cardano dev acquires 686,567 ADA for historic treasury move

In a recent X post, Sebastien Guillemot, one of the biggest Cardano (ADA) contributors, announced that his development team, dcSpark, made a significant donation. The donation is worth $460,000 of ADA tokens and represents a $400,000 loan and $60,000 in accumulated interest. According to Guillemot, the donation process took longer than expected as the team waited for the treasury donation feature to be added to the Cardano blockchain. To maintain fairness, interest was calculated month-by-month at a 6% APR over the entire holding period. Guillemot’s team also introduced an updated version of the Cardano Rust SDK that supports this new treasury donation functionality, enhancing tools for developers in the ecosystem. The ADA tokens were purchased at an average price of $0.67 just days before a major market sell-off. At press time, ADA is trading at $0.5971. However, for Guillemot, the positive impact of acquiring ADA and the benefit of increasing the treasury reserve remains, despite the volatility of the price.👇👇

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