TLDR
- Jack Dorsey questioned Tether’s recent $250,000 donation to OpenSats on social media.
- Tether announced the donation to support open-source Bitcoin development and related projects.
- OpenSats confirmed the funds will be used for operational needs and grant programs.
- Jack Dorsey has previously donated over $22 million to OpenSats through his Start Small Foundation.
- He also pledged $5 million to Brink and donated $1 million to My First Bitcoin for educational purposes.
Tether donated $250,000 to OpenSats, a nonprofit organization that supports Bitcoin and open-source development. Jack Dorsey, co-founder of Twitter and CEO of Block Inc., reacted sharply. He responded on X, asking, “Why only $250k?” in reaction to the announcement.
OpenSats confirmed the donation on October 16 through a public statement. The funding supports its operational needs and grant programs for Bitcoin-related initiatives. These include the development of privacy tools, research, and educational projects that support open-source software.
Tether stated the donation would help sustain long-term development in the Bitcoin ecosystem. However, Jack Dorsey’s reaction raised questions about the scale of the support. His brief comment drew widespread attention across the crypto community.
Jack Dorsey Highlights His Larger Contributions
Jack Dorsey has supported OpenSats through his foundation, StartSmall. In May 2024, he donated $21 million to the nonprofit. Previously, in 2023, he contributed $1 million to the same initiative.
The foundation’s donations support tools that promote Bitcoin and digital freedom. Contributors use OpenSats to direct funding toward specific projects or general operations. This structure ensures that independent developers get long-term support.
In 2023, Jack Dorsey also pledged $5 million to Brink, a Bitcoin development organization. The grant is distributed annually of $1 million. His support reflects an ongoing commitment to open-source Bitcoin development.
Jack Dorsey’s philanthropic activity expands beyond software. Recently, he gave $1 million to My First Bitcoin. The group promotes grassroots Bitcoin education and learning tools worldwide.
Tether Faces Scrutiny Despite Contribution
Tether’s donation aims to strengthen Bitcoin’s open-source ecosystem. However, Jack Dorsey’s response indicates expectations for greater financial support from major crypto firms. The amount contrasts sharply with his larger contributions.
Tether supports privacy projects, education, and protocol development. Yet, the limited amount has raised questions. Many in the community expected a larger figure.
OpenSats confirmed that the funds will assist diverse, free, and open-source projects. Jack Dorsey’s reaction added pressure on other donors. His comment highlights the need for more substantial support.
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