Key Points
- Tether has donated $250,000 to Bitcoin-related project OpenSats.
- The donation is expected to boost OpenSats’ operations and support Bitcoin projects.
Tether, the largest issuer of stablecoins, has made a substantial donation to OpenSats, a project related to Bitcoin.
The $250,000 donation is anticipated to significantly enhance the operations of the charity. It will allow OpenSats to provide more grants to projects that back Bitcoin, thus enabling more free and open-source initiatives to gain financial support.
The Impact of Tether’s Donation
OpenSats is a 501(c)(3) public charity that offers funding to contributors and projects that strengthen Bitcoin and promote open, censorship-resistant technologies.
Tether’s donation of $250,000 illustrates its support for OpenSats’ vision. The funding is expected to not only provide financial support but also ensure that dedicated protocols have access to development and privacy tools for research and education.
In keeping with OpenSats’ custom, all funding provided by Tether will go directly to the grantees. This approach promotes transparency while allowing the charity to sustain its operations through other types of donations.
Tether’s CEO, Paolo Ardoino, expressed his pride in supporting OpenSats’ work, which he described as being on the front line of supporting the continued growth of the Bitcoin ecosystem.
Tether’s Commitment to Bitcoin
The $250,000 donation to OpenSats is a clear expression of Tether’s commitment and confidence in Bitcoin.
Paolo Ardoino reaffirmed this stance, stating, “We at Tether believe that Bitcoin, and the free, open-source software that powers it, are indispensable to a freer and decentralized future.”
In the first quarter of 2025, Tether acquired 8,888 Bitcoin, worth an impressive $735 million at the time. During this period, Tether held approximately 92,647 BTC, making it the sixth-largest Bitcoin holder worldwide.
Tether has a long-term strategy to allocate 15% of its net realized operating profits each quarter to Bitcoin acquisitions. This strategy is similar to its $250,000 donation to OpenSats.
Tether also allocated 10,500 Bitcoin to support SoftBank’s investment in Bitcoin-focused Twenty One Capital. This transfer initially sparked speculation in the crypto ecosystem, but Ardoino was able to clarify its purpose.
