The public charity OpenSats announces the allocation of over $36.6 million to 413 open-source grantees across more than 40 countries. Operating a 100% pass-through model, OpenSats ensures all donation dollars go directly to recipients by funding its operations separately. Backed by major donors like Jack Dorsey's #startsmall initiative, the organization leverages Bitcoin to achieve extreme transaction fee efficiency, paying just $12.51 to distribute 36 Bitcoin in Q2 2026.
OpenSats $37M grant allocation
▪The 501(c)(3) public charity OpenSats announced it has allocated over $36.6 million to 413 grantees across more than 40 countries.
▪OpenSats is governed by a nine-person board and regularly publishes financial statements, bylaws, and grantee progress reports.
▪OpenSats, founded in 2020, distributes monthly disbursements averaging around $1 million to its open-source grantees.
100% pass-through funding model
▪Multimillion-dollar contributions from Jack Dorsey’s #startsmall initiative and the Reynolds Foundation provided OpenSats the operational runway to scale its monthly allocations.
▪OpenSats operates a 100% pass-through funding model where all donation dollars go directly to grantees, while operational costs are funded separately.
Bitcoin transaction fee efficiency
▪OpenSats reports that its monthly disbursement transaction fees average under 0.001% of the total cryptocurrency amounts sent to grantees.
▪OpenSats operates two primary grant pools: the General Fund for Bitcoin development and the Nostr Fund for the decentralized social protocol.
Debatable claims
▪Charities should adopt a 100% pass-through funding model
▪Cryptocurrency is a superior medium for distributing global charitable grants
▪Independent charities should fund open-source protocol development instead of corporate sponsors
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