This effort aims to support important projects and organizations that help Bitcoin grow and thrive.
Bitwise’s decision to allocate a significant portion of its profits to Bitcoin development underscores the company’s commitment to fostering innovation and sustainability. Let’s discover more about this important decision after its Bitcoin ETF approval.
Boosting Bitcoin’s Growth: Bitwise’s Initiative
The beneficiaries of this generous pledge include BitcoinBrink, OpenSats, and the Human Rights Foundation (HRF). So, organizations that play pivotal roles in advancing Bitcoin technology, promoting financial inclusivity, and advocating for privacy rights.
Bitwise will donate 10% of the profits of the Bitwise Bitcoin ETF (ticker: BITB) to bitcoin open-source development.
Recipient orgs:
– @BitcoinBrink
– @OpenSats
– @HRFBitcoin is important to the future. We're excited for $BITB to support its foundation 👇 pic.twitter.com/JMzd4bMOB9
— Bitwise (@BitwiseInvest) January 10, 2024
The funds will likely contribute to the development of educational programs, workshops, and resources. This will empower individuals to understand and engage with the Bitcoin ecosystem more effectively.
In a world where financial freedom is intertwined with individual liberties, this collaboration between Bitwise and the HRF aligns with the ethos of Bitcoin, emphasizing the importance of financial sovereignty.
More About Bitwise’s Initiative
Bitwise’s decision to share a portion of its profits with these organizations not only highlights the company’s corporate responsibility but also underscores the broader significance of collaboration within the cryptocurrency space. By supporting crucial projects and initiatives, Bitwise aims to contribute to the long-term success and resilience of the Bitcoin network.
We’ve selected @BitcoinBrink, @OpenSats, and @HRF—fantastic non-profit organizations with established track records—to receive and allocate BITB’s recurring donations. The donations have no strings attached and will be made annually for at least the next 10 years.
— Bitwise (@BitwiseInvest) January 10, 2024
As the cryptocurrency industry continues to evolve, corporate commitments to supporting development and advocacy organizations become increasingly vital.
Disclaimer
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