Bitwise Donates $233,000 to Support Bitcoin Open Source Developers
- Bitwise Asset Management announced a $233,000 donation to support open source developers of the Bitcoin network.
- The donation is funded by profits from Bitwise’s spot Bitcoin exchange-traded fund (ETF), known as BITB.
- This marks the second annual payout tied to BITB, fulfilling a pledge to allocate 10% of gross profits to development initiatives.
- The funds will be distributed among three nonprofit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.
- As assets under management in BITB grow, Bitwise plans to increase its annual contributions proportionally.
Bitwise Asset Management has donated $233,000 from its Bitcoin ETF profits to support open source developers maintaining the Bitcoin network. The funds will be allocated to Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund. As BITB grows, so will these contributions.
Source (3.2)https://cryptobriefing.com/support-bitcoin-developers-donation/?rand=59535
