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Replying to Avatar Hong Kim

Today, Bitwise is donating $150,000 to support Bitcoin open-source developers, who work tirelessly to secure and maintain the network.

When the Bitwise Bitcoin ETF (BITB) launched, we committed to donating 10% of its gross profits each year. We’re delighted to make good on that promise with this first annual donation.

Three fantastic non-profit organizations with established track records—Brink, nostr:nprofile1qqs8suecw4luyht9ekff89x4uacneapk8r5dyk0gmn6uwwurf6u9rusdepqk6, and nostr:nprofile1qqs0rxy6jmt44guxkny8z4pkym9mxckqxfytygxuntjn6l80hj409sgy2hv7w—will allocate the funds. We’re grateful for the work they do.

Thank you to the investors who’ve chosen Bitwise and BITB among many options. This donation is made possible because of your choice. We hope you’re as proud as we are to support Bitcoin open-source developers!

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frphank 10mo ago 💬 1

Grant denominated in fiat. Exactly my kind of humor. #btcfail

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Hong Kim 10mo ago

we paid out the donation in bitcoin though!

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