Pineapple Foundation has donated $ 1 million in bitcoins to the project of the Internet Archive project this Saturday.
Pineapple Foundation is a charitable organization that works exclusively with bitcoin, was created in early December of 2017, the ultimate goal of which is the provision of bitcoins in the amount of 86 million dollars to various non-profit organizations.
For many early investors in cryptocurrency such a serious increase in the price of bitcoin has been a journey from rags to riches and some of them decided to return back to society. Pineapple the Fund was created by an unknown person who is known by the nickname /u/PineappleFund on Reddit.
The Fund has a website, which publishes reports on how organizations were given donations in bitcoin. It also includes the application form for those nonprofits that would like to receive donations in the future.
To date this charitable organization has provided 657 BTC – approximately $ 8.5 million of the 13 organizations that work in areas such as delivery of clean water to the countries of Africa South of the Sahara, building technologies for the system of universal health care and the treatment of age-related diseases.
Our main theme is to support medical research, gender equality and innovative approaches to do good in this world.
Our goal is to donate $ 86 million in bitcoins to charity. Because once you have enough money, money ceases to have value.