Why $80M in Bitcoin Was Given Away to Charity: A Philanthropist's Love Letter to Bitcoin

The pseudonymous founder of Pineapple Fund, which donated over USD 80 million (value at time of founding) to charity, recently bid farewell after giving away every single satoshi of the Bitcoin fund. Known only as 'Pine', the Bitcoin philanthropist spoke to Bitcoin News and has not ruled out a return to altruism, calling similar ventures "almost a love letter to the cryptocurrency".

Pine also spoke out about cryptocurrency's original ideal and believed that his fund was set up in the same spirit that saw Bitcoin as an "emerging asset class... providing capital to cypherpunks" and how it gave people "power to transform our world".

To read more: https://bitcoinnews.com/a-philanthropists-love-letter-to-bitcoin-why-80m-in-bitcoin-was-given-away-to-charity/