Page Summary
The Pineapple Fund was a philanthropic project by an anonymous individual that donated over 5,057 Bitcoins to 60 charities. The pseudonymous Pine announced on Reddit on December 14, 2017, that his goals and motivations in life have nothing to do with being mega-rich and that he decided to donate the majority of his Bitcoins to charities.
Over 10,000 applicants signed up via the application form that was open to charities on Reddit. Over a period of five months, the fund donated a total of 5,104 Bitcoins to 60 different charities.
Pine has always remained pseudonymous.
Pineapple Fund Donations
– $1 million to Watsi, a healthcare crowdfunding charity.
– $2 million to the Organ Preservation Alliance.
– $3 million to the SENS Research Foundation and the Methuselah Foundation.
– $5 million to GiveDirectly, The Open Medicine Foundation, and to MAPS.
– $1 million to the BitGive Foundation, the Internet Archive, and the Sustainable Ocean Alliance.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…