Tether Tosses $250,000 at OpenSats: Bitcoin Gets a Handout

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The largest stablecoin issuer, Tether, has graciously opened its bulging wallet and donated a cool $250,000 to OpenSats, that quaint little charity doing God’s work in the Bitcoin world. How thoughtful. 🧐

This humble contribution will no doubt send a ripple through the world of free and open-source Bitcoin tech. With Tether’s help, more projects will receive the financial fairy dust they need to carry on with their life-changing, world-saving work. Or, perhaps, just build a better Bitcoin. Either way, it’s nice to know that even in crypto, charity begins with a stablecoin. 🙄

The Generosity of Tether: A Token of Appreciation for Bitcoin

For those not in the know, OpenSats is a non-profit organization-a veritable charity superhero-dedicated to supporting Bitcoin and its open, censorship-resistant ecosystem. With Tether’s $250,000 donation, these crusaders will continue to arm themselves with grants, grants, and more grants. And maybe a few more grants after that. 🙃

Tether ❤️ Bitcoin

– Paolo Ardoino 🤖 (@paoloardoino) October 16, 2025

The real magic here, of course, is that the full $250,000 will go directly to the deserving grantees-no middlemen, no convoluted bureaucracy. Just a direct, transparent flow of cash, because, naturally, Tether believes in “transparency.” Because that’s what we all think of when we think of stablecoins. 🤷‍♂️

“OpenSats is on the front line supporting the continued growth of this ecosystem by funding the next generation of innovators, and we are proud to support their work,” Tether’s CEO, Paolo Ardoino, said, as if it were the most natural thing in the world to donate to an open-source charity that promotes censorship-resistant technologies. What a man. 👏

Bitcoin: The Never-Ending Love Affair with Tether

In case you were wondering, Tether’s $250,000 donation is more than just a nice gesture. It’s a powerful expression of Tether’s unwavering devotion to Bitcoin, its true love. As Ardoino, the ever-vocal CEO, put it: “We at Tether believe that Bitcoin, and the free, open-source software that powers it, are indispensable to a freer and decentralized future.” You know, the kind of future that includes more billionaires and less centralization. A beautiful vision, indeed. 😏

For those keeping score, Tether’s Bitcoin hoarding isn’t a one-off event. In Q1 2025, the company scooped up 8,888 BTC-worth a jaw-dropping $735 million at the time. Just a casual $735 million, really. Add that to their ever-growing stash of 92,647 BTC, and Tether proudly positions itself as the world’s sixth-largest Bitcoin holder. So, there’s that. 🙄

With plans to allocate 15% of its quarterly profits to buying more Bitcoin, Tether’s strategy appears clear: more Bitcoin, more Bitcoin, more Bitcoin. And occasionally, a random donation to an open-source charity, just to keep things spicy. 🔥

As if that weren’t enough, Tether recently decided to drop 10,500 Bitcoin to support SoftBank’s venture in Bitcoin-focused Twenty One Capital. This sparked a bit of a crypto kerfuffle, but Ardoino, ever the diplomat, squashed any suspicions with a few clarifying words. Because why not? 😜

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2025-10-16 19:50