Free Software Foundation Receives $1 Million In BTC From Pineapple Fund

Score one for the good guys. The Free Software Foundation has received a donation in Bitcoin that totals $1 Million USD from the Pineapple Fund.

The Free Software Foundation states their mission as the following:

The Free Software Foundation (FSF) is a nonprofit with a worldwide mission to promote computer user freedom. We defend the rights of all software users.

– FSF.org

Free Software Fndn.

@fsf

We’re overjoyed to announce that the FSF has received an extraordinary gift of 91.45 Bitcoin from the , valued at $1 million! Huge thanks to the Pineapple Fund for this tremendous contribution to software freedom.

The more interesting story though is what the Pineapple Fund is. As of writing this article, the Pineapple Fund has donated over $34 Million USD in Bitcoin to 41 charities around the world.

From a December New York Times article:

On a larger scale, the Pineapple Fund created a more mysterious form of cryptocurrency philanthropy.

The organization was started in December by an anonymous donor who goes by the nickname “Pine” and claims to be among the 250 largest holders of Bitcoin in the world. The fund aims to give away $86 million worth of Bitcoin, and has already given $20 million worth of the currency to 13 organizations, including million-dollar donations to the Water Project, which provides clean water to people in sub-Saharan Africa, and the Electronic Frontier Foundation, a digital rights watchdog.

(These donations can be verified thanks to Bitcoin’s digital ledger system, which records every transaction in a public database.)

Whoever Pine is, he or she seems to have found a way to convert Bitcoin into something actually useful.

Indeed, whoever Pine is we appreciate their philanthropy and look forward to seeing what else they decide to support in the future!

Be the first to comment

Leave a Reply

Your email address will not be published.


*