There is a millionaire Bitcoin investor who wants to donate his large part of bitcoin to several charities all over the world. The value of that bitcoin will be equal to $86 million. They have already started transferring bitcoin to several charities. Very soon this person will be known as the Bitcoin Bill Gates if all the donations will distributed successfully.
There is a fund called Pineapple fund that have already transferred more than $6.5 million worth of Bitcoin to eight charities. You can visit their site https://pineapplefund.org/ to get all the transaction details made in a public ledger. You won’t be able to trace the name of the sender and recipient in the transaction details. You will get only a long string of digits which proves the transactions are made.
Why the anonymous Bitcoin investor is giving away his large amount of Bitcoin to charities? You can get the explanation behind their decision in The Pineapple Fund’s website written on its FAQ page. The mysterious Bitcoin investor gives explanation:
Sometime around the early days of bitcoin, I saw the promise of decentralized money and decided to mine/buy/trade some magical internet tokens. The expectation shattering returns of bitcoin over many years has lead to an amount far more than I can spend.
What do you do when you have more money than you can ever possibly spend? Donating most of it to charity is what I'm doing. For reference, The Pineapple Fund is bigger than the entire market cap of bitcoin when I got in, and one of the richest 250 bitcoin addresses today.
The founder says they want to remain anonymous as their intention is not to gain any type of exposure. But they will donate their Bitcoin only to non-profit organizations who are registered. The founder also provided a form which needs to be filled-up by charities to make an application. No individual person can apply for this donation. This is only for registered charities.
Read more here: http://www.gizmodo.in/news/an-anonymous-bitcoin-millionaire-is-donating-their-fortune-to-charities-and-it-seems-legit/articleshow/62090983.cms