'Tis the season of giving and Peter Baumgartnerextensive web vault The Internet Archive is the latest recipient of cash from an anonymous bitcoin benefactor.
A few weeks ago, we talked about the Pineapple Fund, a project established by an anonymous bitcoin millionaire who wanted to give away nearly $86 million of his or her bitcoin fortune. And they're making good on their promise.
SEE ALSO: Here's what you need to know before you buy bitcoinThe donation comes well-timed as the Internet Archive is in the middle of a fund drive to raise $1.5 million. This donation knocks out a huge chunk of that coin.
Original image has been replaced. Credit: Mashable In an online statement, the folks at the Archive said, "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."
Besides holding helpful tools like the Internet Wayback Machine, which caches versions of websites across the internet, and extensive audio and video vaults, it's also currently documenting everything said and done by our current president in its own Trump database.
The person behind the Pineapple Fund initially announced their intentions on Reddit, saying, "Bitcoin has changed my life, and I have far more money than I can ever spend. My aims, goals, and motivations in life have nothing to do with having XX million or being the mega rich. So I'm doing something else: donating the majority of my bitcoins to charitable causes."
Given the skyrocketing, somewhat volatile value of bitcoin, donation is one way to cash in on the craze.
Other recipients thus far in the donation spree include the Water Foundation ($1 million), the Electronic Frontier Foundation ($1 million), and poverty donation site Give Directly ($5 million).
Topics Bitcoin Cybersecurity
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