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…

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