Salvadoran bitcoin education nonprofit Mi Primer Bitcoin is at risk of running out of money
On August 28th, according to Bitcoin.com, John Dennehy, founder of Mi Primer Bitcoin, a bitcoin education nonprofit founded in El Salvador, revealed that the organization is at risk of running out of funds and may run out of money in September. Dennehy said that although they expect to receive multiple grants before the end of the year, they need additional funds to support themselves until that period.
He assessed that the situation was due to the failure to meet this year's fundraising targets. "We have been working tirelessly to nurture funding sources so that we can maintain true independence and ensure long-term sustainability, but we need several months of transition funding to get there," Dennehy concluded.