• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

$1.3 million in Bitcoin donated to Hold Bitcoin charity in 3 weeks

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Bitcoin Water Trust has received over $1.3 million worth of BTC donations despite launching just three weeks ago.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024
$1.3 million in Bitcoin donated to Hold Bitcoin charity in 3 weeks
$1.3 million in Bitcoin donated to Hold Bitcoin charity in 3 weeks

New York-based nonprofit, Charity: water, received over $1 million in BTC donations to the Bitcoin Water Trust within three weeks of the fund’s launch.

The Bitcoin Water Trust was announced during the 2021 Bitcoin conference in Miami. This initiative has gained attention because of its “HODL MODL” treasury management strategy – which accepts non-profit donations in Bitcoin and won’t reach it until 2025.

According to the charity’s website, a total of 32,5949 BTC has been donated to date, or more than $1.3 million at current prices.

The charity hopes to capitalize on the hypothetical profits that Bitcoin could generate in the coming years. A June 14 blog post from US-based crypto exchange Gemini – which provides crypto custody for the trust – asserts that donations from A charity received today can have a much greater impact if celebrated in the future:

“This new model of charity – HODL MODEL – creates a new model for philanthropy. It brings the HODL ethos of Bitcoin to charitable giving and means your bitcoin donation today can make an even bigger impact tomorrow.”

Gemini founders Tyler and Cameron Winklevoss have also agreed to donate the first 50 Bitcoins raised to the Bitcoin Water Trust.

“We are happy to help an organization with a mission like Charity: water accept bitcoin and maximize its humanitarian efforts.”

Charity: water was founded in 2006, with a nonprofit working to launch community-owned water projects that provide clean water and sanitation to developing nations. The organization first started accepting Bitcoin donations in 2014.

Charity has become a popular topic in the crypto industry in recent months after Ethereum co-founder Vitalik Buterin donated billions of SHIB tokens that were distributed by the creators of the meme-coin on his wallet.

Buterin donated one-tenth of his SHIB holdings to charity after burning the remaining 90% to prevent other altcoin developers from offering large amounts of their tokens to their wallets for promotion. The Covid India Relief Fund is among the biggest recipients of Buterin’s “dog” token storage, receiving SHIB worth more than $1 billion.

On May 31, the Human Rights Foundation (HRF) – an organization that supports human rights activism globally – launched a number of Bitcoin-based grants as part of a $210,000 Bitcoin Development fund. .

Synthetic

Maybe you are interested:

Join the chat group Coinlive Chats Now let’s discuss hot issues of DeFi market with Coinlive admins!!!

[ad_2]

Tags: BitcoincharitydonatedHoldmillionweeks
Share76Tweet48

Related Posts

Yuga Labs CEO Proposes ApeCoin DAO Dissolution

by shark
June 6, 2025
0

Greg Solano, CEO of Yuga Labs, proposes dissolving ApeCoin DAO, transferring assets to ApeCo, aiming to boost operational efficiency.

LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation

by shark
June 6, 2025
0

LayerZero's CEO highlights suspected Hyperlane wash trading, impacting token distribution and sparking industry debate.

Coinbase Adds Fartcoin and Subsquid to Listing Roadmap

by shark
June 6, 2025
0

Coinbase lists Fartcoin and Subsquid, boosting their market visibility and trading volumes.

Elon Musk Supports Trump’s Impeachment, Favors JD Vance

by shark
June 6, 2025
0

Elon Musk backs Trump impeachment, hints at replacing him with JD Vance. SpaceX Dragon decommissioning impacts U.S. space missions while...

Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction

by shark
June 6, 2025
0

Donald Trump proposes terminating Elon Musk's government subsidies, affecting markets and contracts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Yuga Labs CEO Proposes ApeCoin DAO Dissolution
  • LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation
  • Coinbase Adds Fartcoin and Subsquid to Listing Roadmap
  • Elon Musk Supports Trump’s Impeachment, Favors JD Vance
  • Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction
  • Circle’s Stock Soars on NYSE Debut
  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7