Cardano is set to convert a portion of its 1.2 billion USD treasury into Bitcoin, aiming to utilize the yields for ADA buybacks. This tactical shift underscores a transition from traditional staking rewards to real yield generation.
Despite interest from Charles Hoskinson, market indicators show decreasing liquidity and price volatility, making initial acceptance of this strategy potentially challenging for ADA, especially concerning the support at 0.60 USD.
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