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    Bitwise Makes Latest Donation to Open-Source Bitcoin Devs
    Bitcoin

    Bitwise Makes Latest Donation to Open-Source Bitcoin Devs

    Oguz OzdemirBy No Comments2 Mins Read

    Crypto asset manager Bitwise has now donated a total of $383,000 to support developers who maintain and secure the Bitcoin network since 2024, with its latest $233,000 contribution announced on Wednesday. 

    Its second payout, funded by 10% of gross profits from its Bitwise Bitcoin ETF (BITB), adds to the $150,000 that it donated in February 2025 after BITB’s first full year.

    “Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,” Bitwise said in a post to X on Wednesday. 

    Around the time of BITB’s launch in January 2024, Bitwise pledged to direct 10% of gross profits to Bitcoin developers, who play a key role in securing what has become a $1.4 trillion network.

    “As $BITB continues to grow, so too does our contribution. Bitcoin is changing the world, and Bitwise will always strive to do our part to be a good steward of this incredible ecosystem.”

    Bitwise said three Bitcoin-friendly non-profit organizations will allocate the funds: Bitcoin Brink, OpenSats and the Human Rights Foundation, through its Bitcoin Development Fund.

    Source: Brink

    The $233,000 donation suggests Bitwise generated $2.33 million in gross profits from BITB in its second year.