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OpenSats Receives Donation Commitment from Build Asset Management
OpenSats is thrilled to announce a commitment from Build Asset Management, donating 10% of management fees from their bitcoin-backed direct lending fund, Build Secured Income Fund I, to support open-source bitcoin development.
This generous donation, provided with no strings attached and on a monthly basis, will support open-source Bitcoin development, with funds split equally between OpenSats and the Human Rights Foundation's Bitcoin Development Fund. This initiative underscores efforts to promote financial freedom and economic empowerment through open-source technology.
Bitcoin is advancing financial freedom and economic empowerment for individuals from the bottom up, across the globe, on an open and level playing field. We are committed to supporting its continued development for a brighter future, and these two organizations exhibit remarkable leadership and track records through their work in this area.
–Matt Dines, CIO, Build Asset Management
We extend our gratitude to Build Asset Management for their trust and generosity. Their support is crucial as we continue to give grants to high-impact projects within the bitcoin and broader open-source ecosystem. As a 501(c)(3) public charity, we rely on the generosity of the public and organizations like Build Asset Management to sustain ourselves in pursuit of our mission.
As Bitcoin continues to gain traction and financial legitimacy in the US and other developed nations, it is heartening to see businesses being incentivized to support open-source development. Build Asset Management's commitment to donating directly to the Human Rights Foundation and our Bitcoin Development Fund will have a meaningful impact by advancing Bitcoin and financial inclusion for individuals in less developed and authoritarian countries.
–Christian Keroles, Director of Financial Freedom, Human Rights Foundation
At OpenSats, 100% of this donation will directly support open-source projects and contributors working on freedom tech. Our operational budget is funded separately, ensuring that all donations to our open-source funds go entirely to projects and developers.
Every profitable bitcoin business should support the open source contributors that make this movement possible. We are incredibly grateful for Build Asset Management choosing to lead by example with a long term commitment to the OpenSats General Fund. OpenSats is currently funding hundreds of open source contributors globally every month with the goal to increase freedom for billions worldwide while also making the bitcoin and greater freedom tech ecosystem more secure and robust.
—Matt Odell, co-founder, OpenSats
If you are a business, consider donating to our cause. If you are an open-source contributor working on freedom tech that is aligned with our mission, don't hesitate to apply for a grant via opensats.org/apply.