EverGive, the company which has developed a world-first Bitcoin Reserve for charitable giving, announces the acquisition of an additional 0.83 Bitcoin for $100,000, bringing its total holdings to 18 BTC, valued at over $2.1M. The latest acquisition strengthens EverGive’s mission to build a long-term digital endowment for global charitable causes.

With analysts predicting that Bitcoin could surge to highs of $200,000 by the end of 2025, EverGive’s Bitcoin Reserve is positioned to leverage that growth to benefit charitable causes. The company’s Bitcoin Reserve is powered by donations on the EverGive platform from over 20,000 donors, with the company targeting 100,000 donors by the end of the year.

Charity partners, including Islamic Relief UK and Orphans in Need, will be able to utilise the reserve to raise funds for the long-term to address funding issues. This addresses one of the third sector’s biggest challenges of retaining a consistent funding source – a concern shared by charity leaders, with half flagging concerns about financial sustainability according to the Charity Resilience Index.

EverGive is focused on developing new products which enable charity partners around the world to access the Bitcoin Reserve. This will involve building the EverGive team and onboarding charities onto the platform.

Ismael Dainehine, CEO at EverGive, said: 

“This milestone is another step on our journey to bringing financial freedom to charitable causes around the world. This is just the start, and every donation we receive is invested in Bitcoin to serve one goal – permanent, compounding support for the causes that matter most to our donors. We are seeing major cuts to charitable causes globally, and many charities are struggling to survive. EverGive exists to break this cycle and create a lasting legacy for the causes that matter.”