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.