Bitcoin gains backing as Bitwise sends $233K per 10% pledge

What to Know:

• Bitwise allocates $233,000 to Brink, OpenSats, and HRF for Bitcoin development.
• Donation stems from BITB ETF pledge: 10% gross profits fund developers.

Bitwise Asset Management allocated $233,000 to Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund to support Bitcoin Core and open-source contributors, as reported by Cryptonews. The allocation directs resources to nonprofits that fund independent maintainers and security-focused contributors.

The contribution is tied to a standing commitment to dedicate 10% of gross profits from Bitwise’s spot Bitcoin ETF, BITB, to developer organizations, according to the Bitwise Investments newsroom. The funding structure links a regulated investment product’s profitability to recurring support for Bitcoin’s open-source infrastructure.

Why this recurring BITB profit-share matters for Bitcoin developers

Sustained, rules-based funding can underwrite maintenance, code review, testing, and security work that are difficult to plan around market cycles. It may also help preserve independence for contributors by reducing reliance on irregular, one-off grants.

“It’s a win-win-win: profits lead to developer funding, which supports improvements to the open-source software underpinning the industry,” said Mike Schmidt, Executive Director at Brink. That perspective reflects how predictable grants can strengthen long-horizon work on stability and security.

BITB has attracted more than $2.5 billion in inflows since launch, which, if sustained, could increase the scale of future allocations via the pledge, based on Crypto.jobs coverage. The link between ETF economics and developer support creates a transparent channel distinct from ad hoc philanthropy.

At the time of this writing, Bitcoin (BTC) traded around $72,216, with medium 4.50% volatility and a neutral 14-day RSI near 46.14; the 50-day SMA was $77,048 and the 200-day SMA was $96,782. These figures are provided for context and do not imply any outlook.

How BITB’s 10% profit-share works and duration

Under the program, 10% of gross profits from BITB are committed to nonprofits supporting Bitcoin protocol development; the initiative was established in January 2024 with a pledge running for at least 10 years, as reported by Bitcoin Magazine. The structure is designed to provide recurring, performance-linked funding rather than one-time donations.

Funds are disbursed to independent grantees via Brink, OpenSats, and HRF. Developers are not Bitwise employees, and funding does not confer control over Bitcoin Core or its roadmap.

By channeling support through established nonprofits with track records in Bitcoin development, the model may improve planning and accountability for recipients. As with any open-source ecosystem, outcomes will depend on independent grant decisions and community review.