OpenSats’ mission is to support and maintain a sustainable ecosystem of funding for free and open-source projects and contributors, especially bitcoin-related projects and projects that help bitcoin flourish. One of the most important words in our mission statement is sustainable, which is why we are delighted to report that Bitwise has committed to donating a considerable part of their Bitcoin ETF's profits to OpenSats for the next 10 years.
As announced today, Bitwise will donate 10% of Bitwise Bitcoin ETF (ticker: BITB) profits to bitcoin open-source development. OpenSats is one of the recipients of this generous donation, along with Brink and the Human Rights Foundation’s Bitcoin Development Fund.
Freedom tech is hope. Every Bitcoin ETF should follow the lead of Bitwise and donate a portion of their profits to open source developers who make this movement possible.Matt Odell
We hope that, eventually, every Bitcoin ETF will follow the example of Bitwise, giving back to the open-source community that tirelessly works on improving the infrastructure we all depend upon.
Open-source software in general, and bitcoin in particular, is a positive-sum game. We all benefit from the adoption of software that is open and free as in freedom. With the growth in bitcoin adoption and appreciation, it will become increasingly obvious that using a sound, global, borderless, and programmable monetary protocol with an incorruptible monetary policy is beneficial for everyone who chooses to opt in.
We applaud Bitwise for setting an example amongst Bitcoin ETF issuers and encourage all other fund issuers to give back to the open-source ecosystem in a similar way. If you are interested in supporting our mission please reach out to us or donate to OpenSats directly.