The Pineapple Fund, an anonymous philanthropic cryptocurrency organization has announced a $4 million USD increase to their initial pledge of $1 million USD to the Open Medicine Foundation. This increase raises the total amount pledged by the Pineapple fund to $5 million USD.
Pineapple Fund Raises Pledge to Open Medicine Foundation
The initial pledge of $1 million USD was first given on January 14th and received an outpouring of supportive comments on Facebook, Twitter, and Reddit regarding the organization’s generosity. Given the positive response, the Pineapple Fund announced they would be upping their initial pledge to OMF to the $5 million USD reported above.
Money donated to the OMF helps support research of chronic complex diseases through collaboration with leading scientists and clinicians from around the world. The organization is currently focus on “ME/CFS (myalgic encephalomyelitis / chronic fatigue syndrome / systemic exertion intolerance disease), with the expectation that discoveries in this disease will bring answers to other diseases that share some of the symptoms (such as fibromyalgia and Lyme disease).”
Bitcoin For Good
Not much is know about the Pineapple Fund and its mysterious founder referred to as “Pine”. What is known is that organization was founded after Bitcoin’s meteoric rise in price resulted in Pine having more money than they could spend in their lifetime (one of the richest 250 BTC addresses today). Having so much money has resulted in Pine pursuing philanthropic endeavours through the Pineapple Fund (read more on the organization’s about page).
This most recent donation to the OMF is one of many which has been made by the Pineapple Fund. The anonymous, philanthropic organization has given out $20 million USD of a planned $86 million USD total to various organizations including the Internet Archive, The Water Project, and others.
With there being mixed feelings surrounding Bitcoin and its potentially dubious usages, it is refreshing to see an entity using the cryptocurrency for good.