CONFIRMED BITCOIN TREASURY HOLDERS

• ▸Treasury Initiative: "Treasury for the Trees" launched January 30, 2025
• ▸Goal: Raise and hold 100 Bitcoin
• ▸Strategy: Primary goal is long-term holding; may strategically liquidate portions for urgent operational needs

RFUS explicitly frames Bitcoin as a treasury reserve asset with appreciation potential, not just a donation method. This represents a fundamental shift in nonprofit financial strategy.

• ▸Reserves: 100% of organizational savings held in Bitcoin (confirmed for 2024)
• ▸Operational Payments: 85%+ of payment volumes sent using Bitcoin or Lightning Network
• ▸Transaction Volume: Over 800 Bitcoin transactions in 2024

My First Bitcoin demonstrates operational proof that nonprofits can function almost entirely on Bitcoin rails. Their transparency and quarterly reporting set a standard for Bitcoin-only organizations.

• ▸Fund History: Accepting Bitcoin donations since 2014
• ▸Total Distributed: $8.5+ million in BTC over 5 years
• ▸Recent Grants: 1.3 billion satoshis in latest round (January 2026)

HRF distributes grants in Bitcoin rather than converting to fiat, indicating they maintain Bitcoin reserves. Their focus on authoritarian regimes demonstrates Bitcoin's role in financial freedom.

• ▸Total Allocated: $32.6 million USD / ~34.6 billion satoshis
• ▸Grantees: 382 grantees in 40+ countries
• ▸Funding Sources: Receives grants from HRF's Bitcoin Development Fund and community donations

OpenSats tracks allocations in satoshis alongside USD, suggesting Bitcoin holdings. They fund Bitcoin Core developers and infrastructure projects critical to the network.

• ▸Policy: "We plan to HODL all Bitcoin contributions as an investment" (stated on donation page)
• ▸Explicitly states they are "not interested in flipping these funds for fiat"
• ▸Frames Bitcoin holding as alignment with long-term crypto donor philosophy

MATTER's explicit public HODL policy — stating they will not convert Bitcoin to fiat — is one of the clearest treasury reserve commitments in the nonprofit sector. Unlike organizations that accept crypto but immediately liquidate, MATTER treats Bitcoin as a long-term strategic asset aligned with donor intent.

• ▸Bitcoin held in collaborative multisig vaults via Unchained Capital infrastructure
• ▸Donor retains grant recommendation rights while Bitcoin appreciates in custody
• ▸Immediate tax deduction on Bitcoin contribution at fair market value

The Unchained DAF is structurally unique: it is one of the only donor-advised funds in the US that holds Bitcoin in multisig custody rather than liquidating on receipt. This means donated Bitcoin can appreciate between contribution and grant distribution, potentially increasing charitable impact. For Bitcoin holders who want to give strategically while preserving upside, this is the most architecturally sound vehicle available.

• ▸Public statement: 'We hold our Bitcoin as long as possible to let your donation grow in value'
• ▸Bitcoin held as treasury reserve before deployment for legislative advocacy work
• ▸501(c)(4) social welfare organization — donations not tax-deductible but organization is tax-exempt

The Satoshi Action Fund is the most active Bitcoin policy advocacy organization in the United States and one of the few 501(c)(4) organizations with an explicit public Bitcoin holding policy. Its legislative track record — drafting Bitcoin reserve bills, mining protection laws, and self-custody rights protections across 20+ states — gives it outsized strategic importance for the Bitcoin ecosystem. The explicit hold policy means donor Bitcoin is treated as a treasury asset, not immediately liquidated.

• ▸Bitcoin Reserve: Building a Bitcoin reserve since January 2024
• ▸Confirmed by: Unchained Capital research, April 8, 2026
• ▸Structure: 501(c)(3) public charity — donations are tax-deductible

BPI is one of the leading Bitcoin policy research organizations in Washington D.C., producing analysis that directly influences regulatory and legislative outcomes. Their decision to build a Bitcoin reserve since January 2024 creates structural alignment between their advocacy mission and their organizational finances — they are not just arguing for Bitcoin policy, they are holding Bitcoin.

• ▸Treasury Policy: Hodls all contributions in a bitcoin treasury
• ▸Confirmed by: Unchained Capital research, April 8, 2026
• ▸Tax-Exempt Since: February 2024 (IRS 501(c)(3))

SNI hodls all contributions in a bitcoin treasury — one of the strongest treasury commitment policies in the nonprofit sector. Their mission to preserve Bitcoin's intellectual history and advance Bitcoin scholarship makes them a foundational institution in the Bitcoin ecosystem.

• ▸Bitcoin Reserve: Allocated a portion of cash reserves to Bitcoin in 2024
• ▸Confirmed by: Unchained Capital research, April 8, 2026
• ▸Tax-Exempt Since: April 2001 (IRS 501(c)(3))

Grassroot Institute of Hawaii is one of the first state-level policy think tanks in the US to adopt a Bitcoin treasury strategy. Their 2024 decision to allocate a portion of cash reserves to Bitcoin, combined with their advocacy for cryptocurrency-friendly regulation in Hawaii, demonstrates how regional policy organizations are integrating Bitcoin into both their financial strategy and their policy agenda.