• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow
pineapple fund

Mission Accomplished: Pineapple Fund Bids Farewell After $55M in Bitcoin Donations

Osato Avan-Nomayo
by Osato Avan-Nomayo
Last Updated: May 11, 2018 5:00 pm
·
Posted in Bitcoin, Bitcoin Charity, Bitcoin Community, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Pineapple Fund has accomplished its mandate of donating more than 5,000 BTC to non-profit organizations around the world.


60 Charities Received Bitcoin Donations

The bitcoin charity made this known in a farewell Reddit post on May 10. Pine, the anonymous benefactor of the fund, thanked everyone who contributed and supported the project.

The Pineapple Fund donated 5,104 bitcoins to about 60 charities around the world. Due to the decline in the value of the crypto since the December 2017, the total amount donated was $55.75 million. Some of the beneficiaries include the Open Medicine Foundation (OMF), Pencils of Promise, and the Internet Archive.

The OMF funds research into complex and chronic diseases. It received a total of $5 million in bitcoin donations from the fund. Pencils of Promise received $1.25 million worth of bitcoin. The organization focuses on improving the education infrastructure in countries like Laos, Ghana, and Guatemala. The Internet Archive is an online library that provides books and software free of charge. It received about $2 million in bitcoin from the fund between December 2017 and May 2018.

Other beneficiaries include the Multidisciplinary Association for Psychedelic Studies (MAPS) and GiveDirectly. MAPS focuses on PTSD therapies using psychedelics while GiveDirectly supports the transfer of money to people in need. According to Pine, the fund received tens of thousands of applications from charities around the world.

Speaking in the farewell message, Pine expressed gratitude to all who took part in the project, saying:

I want to thank everyone for supporting this project. Thank you for all the charity suggestions, many of which were funded. Thank you for all the positive messages and love sent my way. And also, thank you, the Bitcoin and cryptocurrency community, for turning a Sourceforge project into a $0.5T industry.

Positive Bitcoin Contributions to Humanity

The efforts of the mysterious donor known only as Pine, through the Pineapple fund shows the positive impact that cryptocurrency and blockchain technology can have. In a time when the technology is maligned in the mainstream arena as being an enabler of crime, stories like this help to change the narrative.

Back in December, Pine promised to donate 5,057 bitcoins to charities, and the donor achieved the target. The donor even surpassed the mark by 47 bitcoins (approximately $430,000).

What are your views on the philanthropic work of the Pineapple fund? Let us know in the comment section below.


Image courtesy of Pineapple Fund, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Osato Avan-Nomayo

Osato Avan-Nomayo

Follow

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Full Profile

Related Posts

Strategy przeniosło 2.45 mld usd

Firma Strategy przeniosła 2.45 mld USD w Bitcoinach do nowych portfeli. Likwidacja czy restrukturyzacja? 

5 hours ago
Saylor

Strategy’s Saylor Says It’s Not The Time To Buy Rivals – Details

6 hours ago
Биткоин

Институциональные инвесторы ускоряют перераспределение биткоина

6 hours ago
trump токен

Меме токенът TRUMP поскъпва след понижения на лихвите. $MAXI може да е следващият голям хит сред меме койните

10 hours ago
Bitcoin ส่องสว่างสร้างสะพานเชื่อมไปยังตึกของสถาบันการเงิน สะท้อนถึงการลงทุนใน Altcoin ที่กำลังจะตามมา

ตามรอย Bitcoin! Altcoin ETF จ่อเปิดประตูรับเงินสถาบัน

11 hours ago
CZ

CZ Vs. Warren: Crypto King Threatens To Take US Senator To Court

12 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • What XRP Tundra Means for the Future of XRP in the DeFi Ecosystem

    What XRP Tundra Means for the Future of XRP in the...

    8 hours ago
  • kcex-trading-showdown-bonus-review-tw

    ...

    10 hours ago
  • trump токен

    Меме токенът TRUMP поскъпва след...

    10 hours ago
  • Czhang on How LBank Is Using AI and 100x Tokens to Shape...

    12 hours ago
  • Is Staking Crypto Worth It? XRP Tundra Presale Offers 12% APY

    Is Staking Crypto Worth It? XRP Tundra Presale Offers 12%...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.