Satoshi Action Fund raises $300,000 as it advances Bitcoin advocacy

Dennis Porter’s update points to SAF’s ongoing work to secure Bitcoin’s place in US politics.

Dennis Porter, CEO and co-founder of the Satoshi Action Fund, shared in a recent tweet that the organization had raised $300,000 of its $500,000 fundraising goal with two weeks left in the campaign. This announcement reflects SAF’s ongoing efforts to advocate for Bitcoin-friendly legislation at both the state and federal levels, ensuring Bitcoin (BTC) has a place in future regulatory frameworks.

BREAKING: Satoshi Action raised $300,000 of our 60-day $500,000 goal. We have two weeks left!

— Dennis Porter (@Dennis_Porter_) January 15, 2025

Beyond fundraising, SAF has been a driving force in the development of BTC and BTC mining policies. More than 20 laws were introduced, four of which were successfully signed into law. Additionally, according to SAF’s official website, the organization has contacted more than 2,000 state and federal legislators and participated in more than 20 public hearings to highlight BTC’s potential to benefit the economy, society and the environment. SAF defends the role of BTC mining in supporting grid stability and sustainability.

Additionally, the SAF has been a key advocate for the establishment of the US strategic BTC reserve. The idea gained momentum with support from prominent figures such as Senator Cynthia Lummis and former President Donald Trump. The organization continues to work closely with regulators and the public to ensure that BTC adoption benefits broader society and supports technological and economic growth.

Porter’s tweet not only provides an update on SAF’s fundraising process, but also serves as a reminder of the group’s ongoing mission to create a conducive environment for BTC while opposing policies that could limit its potential.