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.