Brink, the Bitcoin development community, will use the donation to fund an annual stipend from the developer’s contribution to Bitcoin.
samara asset group, An alternative asset manager with a focus on Bitcoin, he donated $150,000 to edge, a philanthropic bitcoin development community. The donation will be used to fund the annual salary of the developer who contributes to the growth and development of the Bitcoin network. Samara has committed to continue this donation for the next three years.
The Bitcoin protocol is unique in that it has no institution or institutional entity supporting its development. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, disappeared nearly a decade ago, leaving the Bitcoin community to oversee its development. Charitable organizations, such as Brink, have become a popular way for donors to contribute to the Bitcoin ecosystem.
“At Samara, we believe that the future of global capital markets is decentralized and democratic, with Bitcoin playing a vital role in the development of this inclusive financial world,” said Patrick Lowry, CEO of Samara. “We are proud to support bitcoin builders, not only by investing in many of the best companies in the world to build bitcoin infrastructure, but now by donating to Brink for developer funding over the next three years.”
Brink CEO Mike Schmidt expressed his gratitude for Samara’s contribution to the Bitcoin community. “Bitcoin development is a public good and it depends on organizations like Samara and individuals like Patrick recognizing the importance of promoting security, stability and advancing the Bitcoin software that underpins much of the entire industry,” he said.
Samara’s donation demonstrates her commitment to seeing the Bitcoin community thrive. The company is said to be exploring international listing in order to increase trading liquidity and gain access to new potential shareholders.