Proceeds from Build Secured Income Fund I, a bitcoin-backed private credit fund, will support the Human Rights Foundation and OpenSats charities.
August 6, 2024 09:00 AM Eastern Daylight Time
Jefferson City, MO — Build Asset Management (“Build”), an SEC-registered investment advisor and pioneer in bitcoin-backed lending and private credit, announced a plan to donate 10% of management fee revenues of the Build Secured Income Fund I to two charitable organizations: the Human Rights Foundation (“HRF”) and OpenSats. Both organizations focus on funding the development of Bitcoin as a financial tool for freedom, privacy, and individual sovereignty across the globe.
“Bitcoin is advancing financial freedom and economic empowerment for individuals from the bottom up, across the globe, on an open and level playing field,” said Build Asset Management Co-Founder and CIO Matt Dines. “We are committed to supporting its continued development for a brighter future, and these two organizations exhibit remarkable leadership and track records through their work in this area.”
As part of this initiative, Build will donate 5% of the management fees received from their private credit fund to the HRF’s Bitcoin Development Fund and another 5% to OpenSats. These donations will be made monthly, ensuring consistent support for both organizations.
“As Bitcoin continues to gain traction and financial legitimacy in the US and other developed nations, it is heartening to see businesses being incentivized to support open-source development,” said Christian Keroles, Director of Financial Freedom at the Human Rights Foundation. “Build Asset Management’s commitment to donating directly to the Human Rights Foundation and our Bitcoin Development Fund will have a meaningful impact by advancing Bitcoin and financial inclusion for individuals in less developed and authoritarian countries.”
“Every profitable Bitcoin business should support the open source contributors that make this movement possible,” said Matt Odell, Co-Founder of OpenSats. “We are incredibly grateful for Build Asset Management choosing to lead by example with a long-term commitment to the OpenSats General Fund. OpenSats is currently funding hundreds of open source contributors globally every month with the goal to increase freedom for billions worldwide while also making the Bitcoin and greater freedom tech ecosystem more secure and robust.”
For more information on the Build Secured Income Fund I, the donation program, and disclosures, visit www.BuildBitcoin.com.
About Build Asset Management:
Build Asset Management is an investment advisor registered with the U.S. Securities and Exchange Commission. Registration of an investment advisor does not imply any skill or training. Build Asset Management does not provide legal or tax advice. Please consult a legal or tax professional for specific advice. Build weas founded in 2018 with the mission of providing better options for investors in fixed income and credit under a changing market environment. It launched a Bitcoin-focused private credit fund in partnership with Unchained Inc. (based in Austin, Texas) in July 2023 that invests in commercial loans made to small- and medium-sized U.S. businesses.
About Human Rights Foundation (“HRF”):
The Human Rights Foundation is a nonpartisan, nonprofit organization dedicated to promoting and safeguarding human rights globally, with a particular focus on closed societies. Founded in 2005, HRF works tirelessly to raise awareness about freedom, support grassroots activists, and challenge authoritarian regimes.
About OpenSats:
OpenSats is a 501(c)(3) public charity dedicated to funding Bitcoin-related free and open-source projects (FOSS), as well as associated education and research initiatives. Its goal is to support sustainable ecosystems through consistent funding for contributors in the space. Donors can recommend gifts to specific project areas or contribute to the organization’s general fund, with grants distributed periodically to high-impact projects that improve public access to Bitcoin infrastructure.
Contacts:
Build Asset Management, LLC
media@getbuilding.com | (833) 852 – 8453
Human Rights Foundation
press@hrf.org
Open Sats Initiative, Inc.
support@opensats.org
