The Bitcoin development organization Brink has received $3.6 million from cryptocurrency exchange Coinbase on the X platform. It is reported that Brink was established in 2020 with the aim of promoting the development of the Bitcoin protocol through research and development, as well as supporting the Bitcoin developer community.

According to official sources, VanEck will donate 5% of the profits from its Bitcoin ETF (HODL) to the non-profit organization Brink for at least 10 years, without any additional conditions. Brink will have complete control and discretion over these resources to support Bitcoin developers.