Cardano Treasury Proposal Seeks 22M ADA for Tokenized Copper Investment With 49% Break-Even Hurdle

Cardano $ADA holders are reportedly being asked to approve a treasury proposal from Toto Finance seeking 22 million ADA, valued at approximately $5 million, for a tokenized copper investment.
Under the proposal, only 67% of the requested funding would purchase physical copper, while the remaining 33% would cover fees and operating expenses. This structure implies that copper prices would need to rise approximately 49.4% just to recover the initial investment, assuming other factors remain unchanged.
Toto Finance reportedly projects a 69% copper price increase over two years and could receive up to 3.36 million ADA in payments.
Voting reportedly closes November 15. The proposal's economics, custody arrangements and projected returns require careful scrutiny before approval.