What areas does Open Sats Initiative Inc. fund?

It funds free and open-source projects tied to Bitcoin and the nostr ecosystem, along with education and research initiatives. Active programs cover Bitcoin infrastructure, developer tooling, privacy and wallets, mining decentralization, and education or outreach around Bitcoin and freedom tech.

How large are typical grants?

Typical grants fall between $15,754 at the 25th percentile and $76,636 at the 75th percentile, with a median grant size of $25,500. Recent awards also include larger grants such as $250,000 and $150,000.

Does the foundation make repeat grants to the same recipients?

Yes. The recent grants list includes multiple recipients that appear across years, including Bitcoin Dev Kit Foundation in 2024 and 2025, Coracle Social LLC in 2024 and 2025, Payjoin LLC in 2024 and 2025, and Anoncomputer LLC in 2024 and 2025.

Does Open Sats Initiative Inc. accept unsolicited applications?

Yes. Several active programs are marked as accepting unsolicited applications, including The Nostr Fund, OpenSats General Grant, Long-Term Support Grants, General Fund / Project Grants, and the OpenSats Education Initiative.

What geography does it serve?

Its grantmaking scope is national, with recent grants mostly going to U.S. recipients and one grant to the UK. The highest grant count is in Texas.

Open Sats Initiative

Name: Open Sats Initiative — grants, 990 financials & funding data
Creator: Kindora

ActiveCommunity ImprovementMakes PRIs

Punta Gorda, FLWebsite

About Open Sats Initiative

OpenSats aims to support and maintain a sustainable ecosystem of funding for free and open-source projects and contributors, especially bitcoin-related projects and projects that help bitcoin flourish.

Focus Areas

BitcoinFree and open-source softwareNostrFreedom techOpen-source infrastructureEducationResearchSecurityPrivacyBitcoin CoreLightningEcashWalletsDeveloper toolingMining

About Open Sats Initiative

Open Sats Initiative Inc. centers its grantmaking on free and open-source projects tied to Bitcoin and adjacent freedom tech, with a separate stream for education and research. One of its largest recent awards went to Bitcoin Policy Institute, where a $250,000 grant supported a team of economists, technologists, climate scientists, lawyers, and philosophers producing policy-relevant analysis for policymakers, journalists, and the public. The foundation also backed core open-source infrastructure at scale: Bitcoin Dev Kit Foundation received $150,000 in 2025 for free and open source software development, and another $119,042 grant in 2024 for the same purpose. Recent awards show attention to both software and the surrounding knowledge ecosystem, including projects in the nostr ecosystem, Bitcoin tooling, privacy, wallets, and related research. The organization also uses long-term support grants for projects critical to the Bitcoin ecosystem, and it makes periodic waves of grants through several named programs. Its grantmaking is distributed through board-reviewed general funds and dedicated initiatives, rather than through individual giving.

What Open Sats Initiative Funds

In policy research, Open Sats Initiative Inc. gave $250,000 to Bitcoin Policy Institute to support a multidisciplinary team working on insights for policymakers, journalists, and the public. In software infrastructure, it awarded $150,000 to Bitcoin Dev Kit Foundation for free and open source software development, and $150,000 to Clams LLC for the same purpose. The education stream is visible in a $50,000 grant to Summer of Bits Inc for free and open source software education. The foundation also supports the nostr ecosystem through a dedicated fund, with grantmaking aimed at clients, relays, libraries, NIPs, cryptography, research, education, design, and infrastructure.

How Open Sats Initiative Gives

Typical grants fall in the $15,754 to $76,636 range, with a median of $25,500. The recent record shows repeat support for some recipients across multiple years, including Bitcoin Dev Kit Foundation, Coracle Social LLC, Payjoin LLC, and Anoncomputer LLC. That pattern fits a funder that uses recurring waves and periodic board-reviewed grants rather than one-off awards alone. It is classified as a regular funder, makes program-related investments, and funds organizations rather than individuals.

Financial Snapshot

Annual Giving

$1.4M

Total Assets

$51.3M

Total Revenue

$28.8M

Total Expenses

$9.9M

Typical Grant Size

Most grants fall between $16K and $77K, with a median of $26K.

25th Percentile

$16K

Median

$26K

75th Percentile

$77K

Geographic Reach

National17 states funded

About 6% of grants go to recipients in TX.

Funding intensity

Low

High

Headquarters

Leadership

BENJAMIN PRICE

Accepts unsolicited proposals

Funding intensity

Low

High

Where Open Sats Initiative Funds

Top 2 recipient countries by grant volume for Open Sats Initiative.

Rank	Country	Grants	Total	Share
1	United StatesDomestic	32	$2.1M	97.0%
2	United Kingdom	1

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Recipient	Location	Amount	Year	Purpose
BITCOIN DEV KIT FOUNDATION	NASHVILLE, TN	$150,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENTFREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
CLAMS LLC	ST PETERSBURG, FL	$150,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
CORACLE SOCIAL LLC	TROY, ID	$125,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
SATOSHI NAKAMOTO INSTITUTE	AUSTIN, TX	$115,106In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
INTRINSIC BITCOIN LLC	CARY, NC	$100,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
J12 SOLUTIONS LLC	HUNTSVILLE, AL	$100,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
INFRAOPS LLC	AUSTIN, TX	$87,500In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
RELAY TOOLS LLC	STANDWOOD, WA	$72,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
BITCOIN POLICY INSTITUTE	NASHVILLE, TN	$66,018In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
BENNY B LLC	TAMPA, FL	$51,701In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
DAKOTA SOFTWARE SOLUTIONS LLC	FARGO, ND	$50,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
MOELLER OPEN SOURCE	EDEN PRAIRIE, MN	$45,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
SANDWICH FARM LLC	SHERIDAN, WY	$45,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
ZODU LLC	WILMINGTON, DE	$41,712In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
SHOPSTR LLC	SHERIDAN, WY	$40,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
BLITZ WALLET LLC	WEST BLOOMFIELD, MI	$32,562In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
PAYJOIN LLC	GILMANTON, NH	$30,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
ANONCOMPUTER LLC	ALBUQUERQUE, NM	$20,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
PIVOTAL PLEB TECH LLC	PROVO, UT	$20,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
SUNNY TXN LLC	AUSTIN, TX	$19,000In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
SDG SYSTEMS LLC	HARMONY, PA	$15,301In-kind: bitcoin	2025	FREE AND OPEN SOURCE SOFTWARE DEVELOPMENT
Mutiny Wallet Inc	Austin, TX	$150,000In-kind: 4.84114965 bitcoin	2024	Free and Open Source Software Development
BITCOIN DEV KIT FOUNDATION	Nashville, TX	$119,042In-kind: 3.42748921 bitcoin	2024	Free and Open Source Software Development
Coracle Social LLC	Troy, ID	$62,500In-kind: 2.01714569 bitcoin	2024	Free and Open Source Software Development
Summer of Bits Inc	Sheridan, WY	$50,000	2024	Free and Open Source Software Education
Payjoin LLC	Gilmanton, NH	$30,000In-kind: 0.96822994 bitcoin	2024	Free and Open Source Software Development
Brink Technology Inc	Austin, TX	$21,000In-kind: 0.69596111 bitcoin	2024	Free and Open Source Software Development
Anoncomputer LLC	Albuquerque, NM	$20,000In-kind: 0.64548663 bitcoin	2024	Free and Open Source Software Development
DAKOTA SOFTWARE SOLUTIONS LLC	Fargo, ND	$12,500In-kind: 0.36774215 bitcoin	2024	Free and Open Source Software Development
Coinstr Inc	Wilmington, DE	$12,000In-kind: 0.38729197 bitcoin	2024	Free and Open Source Software Development
Codafide LLC	Edmond, OK	$2,854In-kind: 0.1 bitcoin	2024	Free and Open Source Software Development
BITCOIN POLICY INSTITUTE	NASHVILLE, TN	$250,000	2023	TO FUND A TEAM OF ECONOMISTS, TECHNOLOGISTS, CLIMATE SCIENTISTS, LAWYERS, AND PHILOSOPHERS WHO ARE WORKING TO PROVIDE RELEVANT INSIGHTS TO POLICYMAKERS, JOURNALISTS, AND THE PUBLIC. TOPICS INCLUDE NATIONAL SECURITY AND GEOECONOMICS, FINANCIAL INCLUSION AND HUMAN RIGHTS, THE FUTURE OF MONEY, AND MINING & ENERGY.
THOMSON HEATH & ASSOCIATES	TEMPLE	$16,838In-kind: bitcoin	2023	COVERING LEGAL COST FOR DEFENDANT.

Recipient

Location

Amount

Year

Purpose

BITCOIN DEV KIT FOUNDATION

NASHVILLE, TN

$150,000In-kind: bitcoin

2025

FREE AND OPEN SOURCE SOFTWARE DEVELOPMENTFREE AND OPEN SOURCE SOFTWARE DEVELOPMENT

CLAMS LLC

ST PETERSBURG, FL

$150,000In-kind: bitcoin

2025