Bitcoin-Only Charity Fund Donates $1 Mln To Internet Archive

JulienJ

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Pineapple Fund has donated $1 mln in Bitcoins to the Internet Archive this Saturday. Pineapple is a Bitcoin-only charity established in early December 2017, whose ultimate goal is to give $86 mln worth of Bitcoin to various nonprofit organizations.

For early adopters, Bitcoin’s massive rise in value has been a remarkable ride from rags to riches, and some are now deciding to give back. The Pineapple Fund has been launched by an anonymous person who goes by the username /u/PineappleFund on Reddit.

The donor has created a website to issue reports as to which organizations have been given Bitcoin donations so far. It also includes a form for those nonprofits who would like to apply for future donations.

To date, the charity has given 657 BTC - approximately $8.5 mln - to 13 organizations, which focus on specific areas, such as providing clean water to sub-Saharan Africa, building technology for universal healthcare and improving the treatment of age-related diseases.

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