- REUTERS/Hannibal Hanschke
- A mysterious bitcoin tycoon with the alias PineappleFund made a million-dollar donation to the digital library nonprofit Internet Archive.
- The donor, whose true identity is unknown, pledged in a Reddit post to give $86 million in bitcoin to nonprofits, in a round of donations called The Pineapple Fund.
The sharp rise in bitcoin’s value has inspired one early investor to sudden acts of generosity, the latest of which was announced Wednesday.
The digital library nonprofit Internet Archive said it received a $1 million donation in bitcoin from a mysterious benefactor, Mashable reported on Wednesday. The donation is a significant addition to the site’s yearly funding, accounting for two-thirds of Internet Archive’s $1.5 million funding drive.
In a statement posted to its site, Internet Archive thanked the benefactor, whose true identity is still unknown: “Whoever you are, you are doing a world of good…It is especially gratifying to see those who dreamed big about Bitcoin using their wealth to support innovation across the world.”
This isn’t the first contribution from the mysterious benefactor, who is known only by the Reddit name PineappleFund. In a post published to Reddit earlier this month, the donor vowed to bequeath $86 million worth of bitcoin to nonprofits.
“Bitcoin has changed my life, and I have far more money than I can ever spend,” the person wrote. “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.”
So far, PineappleFund has made several sizable donations to charitable ventures in the inaugural acts of giving through The Pineapple Fund, handing out millions of dollars’ worth of bitcoin to a healthcare nonprofit, a sustainable water project, and the Electronic Frontier Foundation.