Question 1

Does OpenSats hold Bitcoin?

Accepted Answer

Yes, confirmed. OpenSats holds 100% of donations in Bitcoin — they do not convert to fiat. Unchained Capital confirmed in April 2026 that all OpenSats donations are held in bitcoin. They have allocated $32.6 million USD (approximately 34.6 billion satoshis) to 382 grantees across 40+ countries, distributing grants in Bitcoin to open-source developers working on Bitcoin Core, Lightning Network, and freedom tech infrastructure. Their three-fund architecture (General Fund, Long-Term Support, and FOSS Ecosystems) all operate on a Bitcoin-only basis.

Question 2

How much Bitcoin does OpenSats hold?

Accepted Answer

OpenSats has allocated a total of $32.6 million USD (approximately 34.6 billion satoshis) since their founding in 2021. They do not publish a real-time wallet balance, but their allocation tracking in satoshis confirms they maintain Bitcoin holdings sufficient to fund ongoing grant rounds. Their nine-person board manages a separate operations budget from the general grant pool, meaning 100% of general fund donations go directly to grantees. Funding sources include HRF's Bitcoin Development Fund and community donations.

Question 3

How do I donate Bitcoin to OpenSats?

Accepted Answer

Visit opensats.org to donate Bitcoin to OpenSats. They accept both on-chain Bitcoin and Lightning Network donations. OpenSats operates a 100% pass-through model for their general fund — every satoshi donated goes to open-source Bitcoin developers and freedom tech contributors. They are a 501(c)(3) organization, making your donation tax-deductible. Their operations are funded separately, so your general fund donation is not used for overhead.

Question 4

Is OpenSats a verified Bitcoin treasury holder?

Accepted Answer

OpenSats is a 501(c)(3) public charity incorporated in the United States. Their IRS tax-exempt status is publicly verifiable. They operate a Bitcoin-only grant policy — all grants are distributed in Bitcoin, and they do not accept or hold fiat currency in their general fund. Their nine-person board includes Bitcoin Core contributors and open-source developers, and their financials are disclosed through annual allocation reports published at opensats.org. The Bitcoin Nonprofit Directory classifies OpenSats as a confirmed Bitcoin treasury holder, verified by Unchained Capital in April 2026 confirming all donations are held in bitcoin.

Question 5

Why does OpenSats hold Bitcoin instead of converting to fiat?

Accepted Answer

OpenSats holds Bitcoin because their mission is funding the open-source infrastructure that makes Bitcoin work. Converting donations to fiat would introduce currency risk and counterparty dependency into an organization whose entire purpose is strengthening Bitcoin's decentralized infrastructure. Tracking allocations in satoshis is a deliberate signal that they measure impact in Bitcoin terms, not fiat terms. They fund Bitcoin Core developers, Lightning Network contributors, and privacy tool builders who are paid in Bitcoin.

Question 6

Can I get a tax deduction for donating Bitcoin to OpenSats?

Accepted Answer

Donations of Bitcoin to OpenSats qualify for a US federal charitable deduction under IRS Notice 2014-21, which classifies cryptocurrency as property. You may deduct the fair market value of the Bitcoin at the time of donation, and you avoid capital gains tax on any appreciation since acquisition — making BTC donations more tax-efficient than selling and donating cash. For donations over $500, IRS Form 8283 is required. For donations over $5,000, a qualified appraisal is required. OpenSats is a 501(c)(3) public charity, so donations qualify for the full charitable deduction. Their 100% pass-through model for the general fund means your entire donation reaches Bitcoin open-source developers with no overhead deduction.

Question 7

Where can I track OpenSats's Bitcoin holdings?

Accepted Answer

OpenSats is listed in the Bitcoin Treasury Tracker as a confirmed Bitcoin treasury holder. They hold the treasury-public and direct-btc badges, indicating their Bitcoin policy is publicly documented and they distribute grants directly in Bitcoin. Unchained Capital confirmed in April 2026 that all donations are held in bitcoin. Their allocation milestone announcements — including the $32.6M / 34.6B satoshis milestone in 2026 — serve as the primary public record of their Bitcoin treasury activity. Read the full OpenSats case study at bitcoinnonprofit.directory/case-studies/opensats.

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