Jack Dorsey initiative pours $21m into Openstats

Former Twitter CEO Jack Dorsey donated a staggering $21 million to OpenSats, a platform dedicated to funding Bitcoin (BTC) development.

The nonprofit announced Dorsey’s donation in a May 4 blog post; It was stated here that the funds will be used to support existing resources for open source projects and provide significant funding to innovators around the world.

Dorsey, who ran Twitter (now known as

In addition to supporting open source projects, Dorsey’s contribution also includes funds earmarked for legal defense for Bitcoin developers; This reflects Square CEO’s continued support of the Bitcoin community and his belief in its potential to revolutionize finance and technology.

OpenSats also said it would invest $15 million in its General Fund, $5 million in the Nostr Fund, and $1 million in operational budgets.

The General Fund is a pool of money made up of donations from individuals and organizations used to support free and open source Bitcoin-related projects and their contributors.

The Nostr fund supports the development of Nostr, a decentralized social network that uses relays to send and receive messages. The platform has rapidly grown in popularity and now has a whopping 16 million users, with reportedly half a million users logging in every day.

OpenSats has a history of supporting different ideas to help expand the world of Bitcoin and other open source projects. They have previously supported 21 teams, such as BTCPay Server and Bitcoin Policy Institute, which allow users to process payments on their own servers.

“If you are an open source developer in need of funding, feel free to apply,” OpenSats urged in the blog post. The organization invites developers from all corners of the world to take advantage of this opportunity by visiting opensats.org/apply.