Combined with last year’s contribution, Bitwise has now put more than $380,000 into the hands of programmers who maintain and secure the world’s largest cryptocurrency network. None of that money came from marketing budgets or corporate goodwill gestures. It came straight from ETF profits.
As part of our annual commitment to support Bitcoin open-source developers, Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network.
As BITB grows, so does the contribution. Bitwise said as much when announcing this year’s gift, confirming that future donations will scale with the fund’s assets under management.
Bitcoin’s Invisible WorkforceOpen-source developers rarely make headlines. They write code, review proposals, fix bugs, and argue over technical upgrades in public forums — mostly without pay.
For these organizations, corporate donations of this size are significant. The top crypto asset’s core development has no central authority and no company behind it writing paychecks. Funding comes from donors, and consistency matters.
Beyond Crypto
The broader picture is a firm using its ETF business not just to profit from crypto, but to fund the work that keeps it functional.
Whether that becomes an industry standard remains to be seen. For now, Bitwise is one of the few doing it consistently — and putting the receipts on the table every year.
Featured image from Pexels, chart from TradingView
