Maelstrom Launches Bitcoin Grants Program

Press Release

Maelstrom is pleased to announce the launch of its Bitcoin Core open-source grants program. The grants will start at $50,000 and could reach up to $150,000 per developer. Grants will be provided to developers focused on strengthening the Bitcoin ecosystem and help to ensure Bitcoin can prosper for future generations.

Arthur Hayes, the CIO of Maelstrom, is keen to financially support Bitcoin developers, whose critical work helps to make Bitcoin more safe, secure and robust. The program is designed to potentially support a range of developers, with respect to their level of experience and focus working on the Bitcoin codebase. The program is designed to have an open and transparent application process with open-source grant contract templates. This program is being administered by Jonathan Bier, who previously managed the BitMEX open-source grant program.

The application window is officially open until August 24, 2024.

Developers can apply here: https://maelstrom.fund/bitcoin-grant-program/

About Maelstrom:

Maelstrom is an investment fund focused on digital assets. It is managed by the family office of Arthur Hayes (co-founder, BitMEX). The fund’s mandate is to build a portfolio of infrastructure companies that will serve as the foundation of the next wave of trustless decentralization. www.maelstrom.fund

About Arthur Hayes:

Arthur Hayes is the CIO of Maelstrom, a family office that invests across the crypto ecosystem. He is also the co-founder of BitMEX – the first crypto unicorn. Prior to entering the crypto industry, he worked as a trader in the capital markets divisions of Deutsche Bank and Citibank. Arthur holds a Bachelors of Economics from the Wharton School of Business. He has appeared on major business news networks including Bloomberg and CNBC. He is active on X (@cryptohayes) and releases a monthly newsletter (Crypto Trader Digest) read by thousands of investors globally.