Latest news with #EverGive
Gulf Business
4 days ago
- Business
- Gulf Business
EverGive targets $13m Bitcoin Reserve with new president appointment
Muhammed Yesilhard/Image: Supplied EverGive, the organisation pioneering a Bitcoin Reserve to provide sustainable, long-term charitable funding, has appointed co-founder Muhammed Yesilhark as president. An experienced investor and digital assets expert, Yesilhark has been instrumental in shaping EverGive's mission to free charitable funding from the constraints of high time preference and misaligned incentives. In his new role, Yesilhark will oversee strategy for EverGive's Bitcoin Reserve – currently valued at £1.55m ($2m) – with the goal of surpassing £10m ($13m) by the end of 2025. His remit includes guiding investment decisions, forging strategic partnerships, and ensuring the reserve delivers maximum long-term impact for the charitable sector. Yesilhark also serves as chief investment officer at NOIA Capital and sits on the Board of Directors of Dubai Chamber Digital Economy. His career spans leadership positions at hedge funds in New York and London, alongside long-standing advocacy for Bitcoin as a tool for economic empowerment and financial sovereignty. EverGive's model converts donations into Bitcoin, a scarce and borderless asset, allowing value to appreciate over time rather than being spent immediately. This approach ensures that partner charities, including Cancer Research UK, Great Ormond Street Hospital, and Orphans in Need, benefit from a predictable and growing stream of support, even in economic downturns. 'Bitcoin is more than just a financial asset. It's freedom technology,' said Yesilhark. 'EverGive is about turning generosity into permanence – creating an engine of support that doesn't erode with time, inflation, or politics. That's why Ismael and I are so committed to building this.' With more than $130m raised for charities by the EverGive team in previous ventures, the organisation now aims to reach 100,000 monthly donors and expand the reserve into a global endowment for causes with lasting societal impact. 'Muhammed's leadership and investment depth continue to be a powerful asset for us,' said EverGive co-founder and CEO Ismael Dainehine. 'His conviction in Bitcoin as a foundation for long-term giving has shaped EverGive's approach from day one. Together, we're building something that can shape how humanity manages its responsibility to the future, and how it funds impact – not just this year, but forever.' Digital asset donations exceeded $1bn in 2024, with more than 70 per cent of Forbes' top charities now accepting digital assets such as Bitcoin. EverGive is positioning itself at the forefront of this shift, not only adapting to change but helping to define the future of philanthropic infrastructure.
Finextra
09-07-2025
- Business
- Finextra
EverGive launches bitcoin reserve for charity donations
EverGive today announces its official launch, unveiling a world-first model for charitable giving. 0 The platform enables donors to contribute to a central Bitcoin Reserve which is then used by charities to access funding long-term. With £1.3 million (17.17 BTC0 already invested, the company is projected to grow the reserve to the equivalent of £10 million by the end of 2025. EverGive aims to bring unprecedented stability and long-term funding to global causes. With over half of charity leaders citing generating a stable income and long-term financial security as a key challenge, EverGive seeks to fix the broken system of giving. The company is registered under Fundraising Regulator and has been founded by a team of charity-tech entrepreneurs who have already raised over £100 million for charity across different technology platforms including GiveMatch. EverGive has developed a world-first Bitcoin Reserve approach with donations added to a central reserve investing in the asset and growing over time. Bitcoin is the best performing asset class of the last decade and large companies have invested heavily in the asset in recent years, EverGive is making this innovation accessible to charities globally. The product has been in BETA testing for 12 months as the Bitcoin reserve model offers alternative to outdated 'give-spend-repeat' cycle. Crypto donations topped $1 billion for the first time in 2024 and large international charities are now accepting crypto contributions. EverGive's platform allows both holders of Bitcoin and the wider giving community to contribute to the reserve. EverGive has established rigorous safeguards to protect donor contributions. Funds are stored with a regulated third-party Bitcoin custodian and every transaction is supported by blockchain traceability and a dedicated cash reserve. The platform already partners with major charity brands including Islamic Relief UK, Human Relief Foundation, and Orphans in Need. Early donors have seen the reserve grow 17.16% in value since inception, and EverGive is targeting over 100,000 contributors by the end of 2025. Ismael Dainehine, CEO at EverGive, said: 'The system for supporting much needed causes globally isn't working and requires a radical change. All too often, vital services supporting those most in need are forced to rely on fluctuating, unpredictable funding that disappears almost as soon as it is given. Charities which do hold funds are just watching it deprecate in value over time, this is the problem EverGive solves. We want to change this by harnessing the long-term growth of Bitcoin, by building a growing reserve that secures funding for charities and communities creating legacies that last and the freedom for good to flourish in the long term.' Charities interested in financial freedom and donors who want to make a lasting impact are invited to join EverGive's growing movement. To learn more, visit or contact the EverGive team today.
