November 25, 2020

Pineapple Fund Gifts $1 Million in Bitcoin to the Internet Archive

From Internet Archive Blogs:

This year, Christmas came early to the Internet Archive. On Saturday, the generous philanthropist behind the Pineapple Fund gave $1 million dollars in Bitcoin to the Internet Archive. This anonymous crypto-philanthropist explains, “I saw the promise of decentralized money and decided to mine/buy/trade some magical internet tokens. …Donating most of it to charity is what I’m doing.” We so admire this donor using Bitcoin as the currency of giving this season, and are honored to be the recipients of such a gift. Whoever you are, you are doing a world of good. Thank you.

More From VentureBeat:

To date, the fund has announced around $18 million in donations to 13 charities, including Charity Water, SENS Research Foundation, Pencils of Promise, the Electronic Frontier Foundation (EFF), and Green Steps. Ten of the fund’s donations so far have amounted to the equivalent of $1 million each.

Not a great deal is known about the Pineapple Fund’s benefactor, who has claimed to be donating “a majority” of their cryptocurrency holdings to good causes…

Read the Complete VentureBeat Article

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

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