Bitcoin Magazine
Bitwise to Donate $233,000 to Bitcoin Open-Source Developers
Bitwise Asset Management announced its second annual donation to Bitcoin open-source developers, contributing $233,000 to support the programmers who maintain and secure the Bitcoin network.
The gift comes as part of Bitwise’s pledge to allocate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support the ecosystem.
The funds will be distributed to three non-profit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund. Each organization was selected for its track record in funding critical Bitcoin open-source projects and advancing the technology’s long-term development.
“Developers are the unsung heroes of the Bitcoin network,” said Hong Kim, Bitwise co-founder and chief technology officer.
“When we launched BITB, we wanted to ensure that as interest in crypto grew, the developers who maintain and secure the network woul
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