According to PANews, John Dennehy, founder of Mi Primer Bitcoin, a Bitcoin education nonprofit 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 while they expect to receive multiple grants by the end of the year, they need additional funding to last until then.
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.”
