PANews reported on August 28 that according to Bitcoin.com, John Dennehy, the founder of Mi Primer Bitcoin, a non-profit Bitcoin education organization founded in El Salvador, revealed that the organization is at risk of funding shortages and may run out of funds in September. Dennehy said that although they expect to receive multiple grants by the end of the year, they need additional funds to support that period.
He assessed that this was due to the failure to meet this year’s fundraising targets. Dennehy concluded: “We have been working tirelessly to cultivate funding sources so that we can maintain true independence and ensure long-term sustainability, but we will need a few months of transition funding to achieve this.”