Anonymous Bitcoin Millionaire Says He’s Donating $86+ MILLION In Bitcoin To Charity

by 1 year ago

Shutterstock / Parilov

An anonymous millionaire who got RICH off Bitcoin by investing early in the most popular cryptocurrency around. The person took to Reddit yesterday with a post about how they’d be donating $86.4 million worth of Bitcoin to charity. When I saw this my first thought was ‘some jabroni on the Internet is trolling people’ but this actually seems legit. Why? Because the Bitcoin address associated with this anonymous philanthropic individual’s account has a balance of 5,058 bitcoins with a total (current) value of $86.4 million.

Here’s what the person had to say in their announcement yesterday (via Reddit):

I remember starting at bitcoin a few years ago. When bitcoin broke single digits for the first time, I thought that was a triumphant moment for bitcoin. I watched and admired the price jump to $15.. $20.. $30.. wow!
Today, I see $17,539 per BTC. I still don’t believe reality sometimes. Bitcoin has changed my life, and I have far more money than I can ever spend. My aims, goals, and motivations in life have nothing to do with having XX million or being the mega rich. So I’m doing something else: donating the majority of my bitcoins to charitable causes. I’m calling it 🍍 The Pineapple Fund.
Yes, donating ~$86 million worth of bitcoins to charities 🙂

So far, The Pineapple Fund has/is:
* Donated $1 million to Watsi, an impressively innovative charity building technology to finance universal healthcare.
* Donated $1 million to The Water Project, a charity providing sustainable water projects to suffering communities in Africa
* Donating $1 million to the EFF, defending rights and privacy of internet users, fighting for net neutrality, and far far more

Donated $500k to BitGive Foundation, a charity building projects that leverage bitcoin and blockchain technology for global philanthropy.
If you know a registered nonprofit charity, please encourage them to apply on the fund’s website! While I prefer supporting registered charities, I am open to supporting charitable causes as well. Check out the website 🙂 (via)

I’m naturally a pessimist. If something seems too good to be true then I’m inclined to believe just that…that it’s a scam. However, it already appears as if this person’s making good on their charitable claims:

According to Mashable, the Pineapple Fund’s Bitcoin balance is currently 5,057 bitcoins and they’ve already sent out a total of 228 bitcoins which adds up to $1 million donated so far to EFF, Maps, The Water Project, and Watsi.

Mashable explains the reason this person has chosen to remain anonymous throughout this massive dump of bitcoin to charity. It’s all about personal safety. And you can follow that link to Mashable to see the explanation.