According to him:
“Projects should keep 18-36 months of post kill list runway in short term TBills, but that’s about it.”
According to Hoskinson, the goal is to strengthen Cardano’s DeFi capabilities and resolve ongoing issues in its stablecoin ecosystem.
However, critics argue the proposal suggests a lack of confidence in the ADA token.
“Why would anyone want a team to buy and hold bitcoin for them when they can do it themselves?”
Meanwhile, the proposal has triggered mixed reactions within the Cardano community, with some worrying that a $100 million ADA sell-off to buy Bitcoin could hurt the token’s price.
Hoskinson, however, dismissed those concerns, saying the ADA market is deep enough to absorb the divestment without crashing.
Hoskinson noted that only $33 million in stablecoins is currently deployed on Cardano, a figure he believes undermines the network’s long-term viability. He emphasized that the proposed treasury shift is a strategic response to this shortfall, not a sign of weakness.
Despite the controversy, Hoskinson stood firm, arguing that criticism won’t fix the underlying issues.
He stated:
“We have a means to fix it. Calling me names, egotistical, a cancer, or dictatorial isn’t going to solve that Objective reality.”
