Bitwise Asset Management has pledged to donate 10% of the profits from the Bitwise Bitcoin ETF to non-profit organizations that support the open-source development of Bitcoin. The beneficiaries of this generous commitment include Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.
In a statement on the Bitwise website, CEO Hunter Horsley expressed his excitement about contributing to the funding and support of Bitcoin core developers. He referred to these developers as the “unsung heroes” of Bitcoin, highlighting their essential role in improving the network’s security, scalability, and usability. Horsley also emphasized the unique nature of Bitcoin’s inception, which was launched 15 years ago without a fundraising campaign, and the community’s ongoing dedication to maintaining and improving the cryptocurrency.
The commitment involves annual donations over the next ten years and is characterized by an unconditional approach. This indicates Bitwise’s commitment to fostering a sustainable ecosystem for Bitcoin Core Development. The CEO’s announcement reflects the company’s long-term vision for contributing to the ongoing development and innovation within the Bitcoin network.
Mike Schmidt, the executive director of Brink, one of the recipient organizations, expressed appreciation for Bitwise’s initiative. He reinforced the importance of sustained financial support for Bitcoin development efforts. This pledge by Bitwise exemplifies a proactive approach to corporate responsibility within the cryptocurrency industry.
About DigiFinex: DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.
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| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇸🇬 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Mike Schmidt, Hunter Horsley |
| Companies | Human Rights Foundation’s Bitcoin Development Fund, DigiFinex, OpenSats, Brink, Bitwise Asset Management |
| Currencies | Bitcoin |
| Securities | None |
