Members of the Finnish Pirate Party raised a record sum of $15,000 in bitcoin donations before elections to the national parliament. Despite this, the party lost the elections, receiving just 0.85% of votes across the nation.

The Finnish Pirate Party follows the general Pirate Party line and fights against state controls over the dissemination of information:

“The party wants to promote freedom of information by removing excessive copyright restrictions, abolishing the current patent system and by promoting the spread and openness of government and scientific data”

This year, the party participated in national elections and began to collect bitcoin donations on its official website a few weeks before the election.

Analysis of the blockchain shows that the party received the first bitcoins in the autumn of 2014. Most of the donations were small, but later some people decided to invest larger sums of money in the success of Finnish pirates. In November 2014, one person donated more than three bitcoins (around $1,000) to the party, and in December an anonymous donor gave 5 BTC (around $1,500). Later on, in March, another friend of the party donated 6 BTC.

The total sum of donations as of April 17th was 65 BTC or just over $15,000 at the current price of bitcoin. This looks like a record in bitcoin crowdfunding for a single party. As CoinFox reported earlier, a Green party candidate in London gathered 730 pounds in bitcoin donations for her campaign.

Despite enthusiasm among Finnish bitcoiners and the obvious financial support, the results of the party in the country-wide elections proved to be less impressive. According to preliminary poll results, the Finnish Pirate Party gathered 0.85% of the vote and received the support of 25,000 voters.

This is obviously not a victory (the party will not control a single seat in parliament) but this is not a disastrous failure. The Pirate Party was among the top 10 parties in the election, taking the ninth place, above the Communist Party (0.26% of the vote), Liberals for Aland (0.25% of the vote) and the Communist Workers Party for Peace and Socialism (0.04%).

The total number of voters that supported Finnish Pirates is greater than the number of voters who spoilt their ballots (0,5%). Nevertheless, the local press proclaimed the party to be “marginal” and pointed to problems in their campaign, namely the party’s inability to explain their position to a wider audience.

Roman Koritzsky