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According to a Decrypt report cited by COINOTAG News on October 18, Tether pledged $250,000 to OpenSats, a non-profit that backs Bitcoin development. The gesture drew immediate questions from Jack Dorsey, the co‑founder of Twitter and former Block CEO, who shared the donation on X and quipped, “Why only $250,000?” The exchange underscores ongoing scrutiny of corporate philanthropy within the crypto sector and its support for open-source initiatives.
Financial disclosures suggest Tether posted up to $13 billion in annual profit, while observers note a potential fundraising path tied to a backdrop of a roughly $500 billion valuation. Separately, Dorsey has highlighted his personal backing for OpenSats via the Start Small fund, with contributions exceeding $21 million aimed at decentralized and open-source Bitcoin development.
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