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Tether Donates $250,000 to OpenSats for Bitcoin Support
Tether Supports OpenSats with $250,000 Donation
- Tether has donated $250,000 to OpenSats, a charity supporting Bitcoin-related projects.
- The funds will aid free and open-source initiatives through grants, enhancing development and privacy tools.
OpenSats' Role and Tether's Commitment
- OpenSats, a 501(c)(3) public charity, funds projects to strengthen Bitcoin and open technologies.
- The donation reflects Tether's commitment to Bitcoin and its ecosystem.
- All funds from Tether will go directly to grantees to ensure transparency.
Tether's Position in the Bitcoin Ecosystem
- In Q1 2025, Tether acquired 8,888 [Bitcoin](https://holder.io/coins/btc/) worth $735 million, making it the sixth-largest Bitcoin holder.
- Tether plans to allocate 15% of its net realized operating profits each quarter to Bitcoin acquisitions.
- Previously, Tether allocated 10,500 Bitcoin to support SoftBank's investment in a Bitcoin-focused firm.
Tether continues to demonstrate its support for Bitcoin and open-source technologies, reinforcing its position in the cryptocurrency ecosystem.