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In a December 2024 livestream, Cardano founder Charles Hoskinson discussed governance challenges and strategic priorities for 2025, emphasizing the need for community accountability within the Cardano Foundation. He outlined plans for a community-approved constitution and an annual on-chain budget to support ecosystem growth, while expressing concerns over potential resistance from the Foundation. Despite governance hurdles, Hoskinson remains optimistic about Cardano's future, highlighting upcoming innovations like Bitcoin integration and the Midnight sidechain, which he predicts will significantly impact the ecosystem.
The CEO sold shares at an average price of $49.45, totaling $1,342,221.35, and now owns 683,403 shares valued at approximately $33.8 million, reflecting no change in ownership percentage. EVP Thimaya K. Subaiya sold 1,328 shares for $64,965.76, maintaining a position of 132,910 shares valued at about $6.5 million. In the last quarter, insiders sold 70,529 shares worth $3.5 million, while institutional investors hold 73.33% of the stock, with significant increases in positions from several firms.
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