The Human Rights Foundation (HRF) has donated 700,000,000 sats, equivalent to about seven bitcoins (BTC) worth $707,000, to support projects worldwide that focus on technical education for individuals under authoritarian rule, supporting independent media outlets, decentralizing mining operations, and providing human rights groups with private financial solutions.
As a non-governmental organization (NGO), the HRF uses crypto donations to empower communities and promote financial freedom.
20 Companies Globally
According to a recent report, the HRF plans to distribute its donation among 20 projects worldwide to ensure that the funds reach the areas where they are needed most. While the organization does not reveal how the donated BTC will be distributed, it notes that the major regions of attention are Africa, Asia, and Latin America.
Some projects that’ll benefit from the BTC donation include Stratum V2 Reference Implementation (SRI), an open-source software that enables nodes to create block templates, and Brink, an NGO aimed at advancing the Bitcoin protocol through research development and education. Unify, a Payjoin-enabled wallet that boosts Bitcoin transaction privacy, and 17 others are on the list.
Remarkably, this is just one of the many times the HRF has donated BTC to support projects. Earlier in Q2 2024, it donated 10 BTC (1 billion sats) to support 13 projects globally.
To facilitate its BTC donations, the NGO has established the HRF Bitcoin Development Fund as an initiative to support the development of the Bitcoin network and ecosystem.
Corporate Bitcoin Adoption Soars
Notably, the HRF holds more BTC on its bag, accepts donations from interested donors, and accepts applications for grant support from different firms worldwide.
Other institutions across various continents also hold BTC in their bags, adopting it as their primary reserve asset as a wedge against fiat inflation.
Firms like American, MicroStrategy, which holds 439 000 BTC, and Japanese Metaplanet are on the list, as they foresee a better future for the crypto ecosystem in coming years.
Meanwhile, a few Bitcoin miners, such as MARA Holdings, Riot, and Hut 8, have also made Bitcoin their primary reserve asset.
