Jack Dorsey, CEO of social media powerhouse Twitter, has donated 1 BTC to Brink, a non-profit group targeted on Bitcoin’s technological framework.
Jack Dorsey, CEO of social media powerhouse Twitter, has donated 1 BTC to Brink, a non-profit group targeted on Bitcoin’s technological framework.
“Honored to have acquired a 1 BTC donation to our developer funding efforts from none apart from @jack!,” Brink’s Twitter account posted on Tuesday. At time of publication, that Bitcoin (BTC) is price $46,824.
Reporting earlier this month confirmed the just lately established group getting 503(c)(3) non-profit standing from the Inner Income Service, giving Brink a break on federal taxation.
The entity seems to additional Bitcoin by serving to out its builders, as famous on Brink’s web site:
“Brink exists to strengthen the Bitcoin protocol and community via basic analysis and growth, and to help the Bitcoin developer neighborhood via funding, training, and mentoring.”
Dorsey has expressed curiosity in Bitcoin earlier than. He referred to the asset’s white paper as poetic in 2020. Final fall, Sq., one other outfit Dorsey leads, additionally unveiled allocating $50 million to BTC. Dorsey took the 16th spot on Cointelegraph’s listing of the highest 100 folks within the crypto trade this 12 months.