A new governance proposal from Toto Finance is seeking a 22 million ADA allocation from the Cardano Treasury, valued at approximately $5 million, to invest in copper.
According to the proposal details, the copper position would require roughly a 49% price appreciation for the investment to break even, highlighting the high threshold for profitability. The proposal arrives at a time when remaining treasury spending allowances are constrained: if approved, it could consume about half of Cardano’s remaining treasury spending capacity.
The initiative has drawn attention because it would mark a significant non-crypto asset exposure for the Cardano treasury and could influence future on-chain spending priorities.
