Nexo donates 1 BTC to Brink to strengthen the development of Bitcoin in honor of HODL Day

Nexo announces its donation of 1 BTC to Brink as its contribution to strengthening the development of Bitcoin, precisely in honor of HODL Day. Brink is one of the leading non-profit organizations that funds the development of Bitcoin Core. 

Nexo and the donation of 1 BTC to Brink as its contribution to the development of Bitcoin 

On the occasion of HODL Day, Nexo announced its donation of 1 BTC to Brink, one of the leading non-profit organizations funding the development of Bitcoin Core. This gesture aims to demonstrate its commitment and contribution towards the leader of the crypto bull. 

“On the occasion of HODL Day, a celebration of resilience and long-term commitment, Nexo is proud to announce its donation of 1 BTC (~$105K) to @bitcoinbrink, an important non-profit organization that funds the development of Bitcoin Core. Why is it important for Bitcoin and its future? “

The digital asset wealth management platform, Nexo, wants to publicly convey its message of responsibility towards Bitcoin. 

In fact, the donation of the equivalent of about $105,000 is a sign of Nexo’s dedication to the security, innovation, and decentralization of Bitcoin. Not only that, for Nexo, this amount also means a sign of support for the unsung heroes behind the security of Bitcoin: the developers of Bitcoin Core.

Nexo donates 1 BTC to Brink and covers 7% of its financial needs for 2024

In numbers, the donation from Nexo yesterday of 1 BTC, the equivalent of about $150,000, represents 7% of Brink’s financial requirement of 1.5 million dollars for 2024. 

This is therefore a true financing that reflects the principles of HODL Day, which means holding Bitcoin and watching it grow. Therefore, Nexo claims that the development of Bitcoin Core is the foundation of Bitcoin’s resilience and growth. 

In this regard, Mike Schmidt, Executive Director of Brink, commented: 

“Brink is very grateful for this contribution of 1 BTC from Nexo to our developer funding efforts! The funds will be used to support the work of our engineers in securing Bitcoin software through their fuzz testing efforts, code review, and other projects described in our recent annual report. Thank you Nexo!”

As anticipated, then, the donation from Nexo aims to support the unsung heroes behind Bitcoin: the Bitcoin Core developers. 

In this regard, Elitsa Taskova, CPO, Nexo, commented:

“The Bitcoin Core developers are the unsung guardians of Bitcoin. By supporting their work, we help ensure that Bitcoin remains the most secure, innovative, and decentralized asset for future generations. This donation will directly fund the Brink developers and is a testament to our shared responsibility to safeguard the future of Bitcoin. Stepping in to support critical development work that relies on contributions like these to move forward is crucial for the digital asset industry, and we hope it inspires others to recognize the importance of funding Bitcoin Core development to ensure the network’s future for millions of people around the world.”

The rebrand of the crypto platform

On the occasion of the 16th anniversary of the day of publication of the Bitcoin Whitepaper, Nexo made another announcement. 

The crypto platform carried out its rebrand last November, with a new look and a new logo, a website, and an improved user interface, to reflect its evolution over time.

The logo of Nexo today aims to reflect two key concepts: 1) human resilience, represented by a spiral and 2) exponential growth, captured by mathematically precise diagonals. In terms of meaning, Nexo sees in the first point the perseverance and adaptability inherent in human DNA and, in the second, the unlimited opportunities of crypto. 

Nexo has also integrated new strategic solutions to adapt to the new needs of crypto-investors, which have evolved over time.