The mysterious bitcoin tycoon who promised to give away their $86 million fortune just made another donation

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REUTERS/Hannibal Hanschke

  • A mysterious bitcoin tycoon called "PineappleFund" made a million-dollar donation to the digital library non-profit the Internet Archive.
  • The donor, whose true identity is unknown, pledged in a Reddit post to give their $86 million fortune in bitcoin to non-profits, in a round of donations called "The Pineapple Fund."

The sharp rise in bitcoin's value has inspired one early investor to sudden acts of generosity, the latest of which was announced on Wednesday.

The digital library non-profit The Internet Archive said it received a $1 million donation in bitcoin from a mysterious benefactor calling themself "PineappleFund," Mashable reported on Wednesday. The donation is a significant addition to the site's yearly funding, clocking in at two-thirds of the the Internet Archive's $1.5 million funding drive. Advertisement

In a statement posted to its site, The Internet Archive thanked the benefactor, whose true identity is still unknown: "Whoever you are, you are doing a world of good...It is especially gratifying to see those who dreamed big about Bitcoin using their wealth to support innovation across the world."

This isn't the first contribution from the mysterious benefactor, who is known only by their Reddit name "PineappleFund." The donor vowed to bequeath $86 million worth of bitcoin to a number of nonprofits in a post published to Reddit earlier this month.

"Bitcoin has changed my life, and I have far more money than I can ever spend," they wrote. "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. I'm calling it �� The Pineapple Fund."

So far, PineappleFund has made several sizable donations to a number of charitable ventures in the inaugural acts of giving through The Pineapple Fund, handing out millions of dollars worth of bitcoin to healthcare nonprofit, a sustainable water project, and the Electronic Frontier Foundation. Get the latest Bitcoin price here.>>

The Bitcoin 101 Report by the BI Intelligence Research Team.
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