The Pineapple Fund

As a result of the large price increase that we have seen in the past year, many early bitcoiners have undoubtedly become wealthy. But what to do with all that money? The anonymous bitcoin millionaire behind the Pineapple Fund does have an answer to that question.

More than 5,000 bitcoins to charities

Because once you have enough money, money doesn’t matter.

Under this motto, the anonymous donor behind the fund has announced that it will donate no less than 5,057 bitcoins to various charities! From the announcement on Reddit, it can be concluded that it concerns a person who has been active since the early years of Bitcoin, before a single bitcoin was worth $ 15. Why pineapple? Because the donor likes them.

When the announcement was made, bitcoins were worth about 72 million. At the moment the value is about 54 million, tomorrow it will be about 65 million again, and the next day it will certainly be about 80 million again (this is not investment advice!). That’s just the way it is with Bitcoin. In any case, it is clear that millions will go to various charities. A commendable use of the new wealth.

Follow donations

The bitcoin address to which the bitcoins allocated for donations can be found here. You can also view all transactions to the various charities from there. The Pineapple Fund is far from done giving; there are currently 4,400 bitcoins available. Below is a list of donations made to date:

  • $1 million to Watsi, an organization focused on making universal health care possible.
  • $1 million to The Water Project, an organization dedicated to the sustainable development of clean drinking water in Africa.
  • $500,000 to BitGive, an organization dedicated to amplifying the impact of charitable work by using Bitcoin.
  • $1 million to the Electronic Frontier Foundation (EFF), an organization dedicated to protecting internet users’ privacy and preserving net neutrality.
  • $1 million to MAPS, an organization dedicated to treating mental disorders, such as PTSD, with psychedelics.
  • $50,000 to OpenBSD, a non-profit dedicated to supporting the development of freely available software, such as OpenSSH.
  • $1 million to the Sens Research Foundation (SRF), an organization dedicated to researching treatments for age-related diseases.
  • $1 million to Charity:Water, an organization dedicated to providing clean drinking water to developing countries.
  • $1 million to Mona, a charity dedicated to educating girls and women with the goal of relieving global famine.
  • $1 million to New Story, an organization focused on building homes in impoverished communities.
  • $1 million to The Internet Archive, which focuses on access to information for everyone.
  • $1 million to Pencils of Promise, an organization dedicated to facilitating quality education for children worldwide.
  • $100,000 to Green Steps, which focuses on keeping Tennessee clean and green.

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