Bitwise Investment has stepped forward with a significant contribution of $150,000 to bolster the efforts of Bitcoin open-source developers. This financial boost is aimed at enhancing the security and functionality of the Bitcoin network. The donation comes as part of Bitwise’s promise to allocate 10% of its gross profits annually following the launch of their Bitcoin ETF ($BITB).

The funds will be managed and distributed by three reputable non-profit organizations: BitcoinBrink, OpenSats, and Human Rights Foundation (HRF). These groups are known for their dedication and effectiveness in supporting Bitcoin infrastructure and innovation. Bitwise’s commitment reflects a deep appreciation for the developers who maintain and advance the blockchain technology underlying Bitcoin.

Thanking its investors, Bitwise credits those who have invested in BITB for making this contribution possible. As BITB continues to grow, so too will Bitwise’s support for the open-source community that is pivotal to Bitcoin’s success. This initiative is part of Bitwise’s broader strategy to ensure a robust and thriving ecosystem for one of the world’s leading cryptocurrencies.