Pineapple Fund donated $ 1 Million in Bitcoins to the Internet Archive this Saturday. Pineapple is a Bitcoin charity created in early December 2017, with the ultimate goal of donating $ 86 million of Bitcoin to various non-profit organizations.

For early adopters, the rise in value of Bitcoin rags to riches, and some now decide to give back. The Pineapple Fund was started by an anonymous person who uses the user name / u / PineappleFund on Reddit.

The donor has created a website to publish reports on organizations that have received Bitcoin donations so far. To date, the charity has donated 657 BTCs – about $ 8.5 million – to 13 organizations, which focus on specific areas, such as the provision of donations. Clean water in sub-Saharan Africa, building technology for universal health care and improving the treatment of age-related diseases.

The Claims of the Fund Home Page:

Research, Gender Equality and the Adoption of Innovative Approaches to do good in this world.

The reason for the donation is also explicit on the site:

"Donated $ 86 mln of Bitcoins to charity.Because once you have enough money, the money does not matter. "

Many early Bitcoin users have recently made the news . For example, the Winklevoss brothers bought about one percent of BTC 's outstanding offering in 2013 – an investment that made them the first bitcoin billionaires.