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Jack Dorsey’s Fund Pledges $5 Million to Bitcoin Developers

Billionaire Twitter co-founder Jack Dorsey plans to allocate more capital to the Bitcoin ecosystem after pledging $5 million to the network’s core developers through his grantmaking organization Start Small. The firm will give the funds to the Bitcoin development non-profit, Brink, over the next five years in $1 million annual installments. According to its website, Brink exists to “support the Bitcoin developer community through funding, education, and mentoring.” Unlike many blockchain projects, Bitcoin lacks any committed founder, foundation, or company with a financial stake in the protocol’s success.

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