Overview
- Tether announced on October 16 a $250,000 gift to OpenSats to support operations and grants for Bitcoin protocol work, privacy tools, research, and education.
- OpenSats says it directs 100% of donated funds to grantees, keeping operating expenses separate for transparency.
- Jack Dorsey replied on X to Tether CEO Paolo Ardoino’s post with “Why only $250K?,” drawing broad attention to the donation’s scale.
- Dorsey has previously given $21 million to OpenSats via his Start Small initiative in 2024, a contrast cited in reactions to Tether’s contribution.
- Recent reporting notes Tether’s 2025 bitcoin purchases of roughly 8,889 BTC and fundraising talks suggesting a high valuation, while neither Tether nor OpenSats has indicated any change to the gift or its planned use.