Strive, a Bitcoin treasury company, said it is widening its support efforts beyond Bitcoin policy work and into open-source development. In a post, Chairman and CEO Matt Cole said the company’s initial sponsorships will support Bitcoin Core and Brink, an organization that backs developers working on other key Bitcoin infrastructure. Strive said the funding does not come with any expectation of influence over technical decisions, governance, or the direction of the protocol. The company added that financial support should not be tied to attempts to gain influence. Strive also argued that institutions benefiting from Bitcoin should treat support for the network’s long-term health as part of their fiduciary duty, and it called on treasury companies, ETF issuers, mining firms, exchanges, custodians, and financial institutions to help shoulder responsibility for maintaining the Bitcoin ecosystem.
Strive is expanding its support for Bitcoin from the policy arena into open-source development, according to a post from Chairman and CEO Matt Cole. The Bitcoin treasury company said its initial sponsorships will back Bitcoin Core and Brink, an organization that supports developers working on other critical Bitcoin infrastructure.
Support moves beyond policy work
Cole said Strive’s efforts will now extend past Bitcoin policy and into open-source development. The first round of sponsorship will go to Bitcoin Core and Brink.
No expectation of influence
Strive said the funding carries no expectation of influence over technical decisions, governance, or the direction of the protocol. The company said financial support should not come with demands for influence.
Call for broader industry participation
Strive said institutions that benefit from Bitcoin should view support for the ecosystem’s long-term health as part of their fiduciary duty. It also called on treasury companies, ETF issuers, mining firms, exchanges, custodians, and financial institutions to share responsibility for maintaining the Bitcoin ecosystem.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
