Overview
- Bitwise made its second annual payment under its pledge to direct 10% of BITB’s gross profits to developer funding.
- Funds will be distributed by Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund to support core protocol work.
- BITB has grown to about $2.7 billion in assets, helping lift this year’s donation above last year’s $150,000 contribution.
- The firm says future contributions will increase with the ETF’s expansion, with recipients independently allocating grants without Bitwise’s direction.
- The two-year program now totals roughly $383,000 in donations, as Bitwise reports about $15 billion in client assets across its crypto products.