--- title: "117 Partners Founder Questions Hoskinson’s Explanation of Cardano Foundation’s 1,096 BTC Use" type: "News" locale: "en" url: "https://longbridge.com/en/news/289714702.md" description: "117 Partners founder Thomas Braziel disputes Cardano founder Charles Hoskinson's explanation regarding the use of 1,096 BTC held by the Cardano Foundation. While Hoskinson claimed the funds were used for audit requirements and Michael Parsons-related matters between 2016 and 2017, Braziel argues this timeline is inconsistent with Bitcoin's price history and the actual timing of audit work." datetime: "2026-06-15T01:33:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289714702.md) - [en](https://longbridge.com/en/news/289714702.md) - [zh-HK](https://longbridge.com/zh-HK/news/289714702.md) generator: "portal-rs" --- # 117 Partners Founder Questions Hoskinson’s Explanation of Cardano Foundation’s 1,096 BTC Use 117 Partners founder Thomas Braziel said on X that Cardano founder Charles Hoskinson offered his most detailed explanation to date about the whereabouts of about 1,096 BTC held by the Isle of Man Foundation, now the Cardano Foundation. According to PANews, Braziel said Hoskinson stated during an AMA that the BTC were used between 2016 and 2017 to meet requirements related to Michael Parsons and the original audit process. Braziel disputed the explanation, saying Hoskinson referenced the BTC value from the first fundraising round in 2015 to 2016, while any audit work should have taken place later, potentially in 2017 when Bitcoin’s price had risen above $1,200. ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [CRDX.US](https://longbridge.com/en/quote/CRDX.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) ## Related News & Research - [Metaplanet Buys 1,007 More Bitcoin As Treasury Hits 20,000 BTC](https://longbridge.com/en/news/297936992.md) - [Capital B Raises €21 Million to Accelerate Bitcoin Treasury Strategy](https://longbridge.com/en/news/297279683.md) - [PowerCompute secures USD 21.89 million bitcoin-backed collar loan from Arch Lending](https://longbridge.com/en/news/297370526.md) - [Binance Founder CZ Says His X Follower Count Has Been a 'Consistent Early Indicator’ of Crypto Cycles](https://longbridge.com/en/news/297631208.md) - [Hilbert Group shifts strategy to monetization, targets revenue growth after integration phase](https://longbridge.com/en/news/297739875.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**