Anonymous cryptocurrency fund Pineapple, founded by an unknown donator in December 2017, announced that it had distributed all its bitcoins. Non-profit organizations received from the philanthropist more than $55 million in the cryptocurrency.

Cryptocurrency charity fund Pineapple announced that it shuts down after distributing all 5104 bitcoins worth more than $55 million.

"Every development since then makes Bitcoin stronger and better at solving the problems of the existing financial and monetary system. It's created a new generation of crypto early adopters, cypherpunks or technologists using cryptography to change the world; and now having the power and responsibility of capital. 5104 BTC was turned into $55 million for charities, from providing clean water, open mapping, to clinical trials of MDMA as treatment for PTSD. Thanks for following along with this experiment. I'm going to say goodbye now, but maybe there's room for dessert in a few years," wrote the founder of the fund, the anonymous owner with the nickname Pine, in his farewell message.

In December 2017, he wrote on the Reddit forum about his plans to spend 5057 bitcoins oncharity, which at that time was equivalent to $86 million. Pine was an early investor in bitcoin.

"I remember staring at bitcoin a few years ago. When bitcoin broke single digits for the first time, I thought that was a triumphant moment for bitcoin. I watched and admired the price jump to $15.. $20.. $30.. wow!

Today, I see $17,539 per BTC. I still don't believe reality sometimes. Bitcoin has changed my life, and I have far more money than I can ever spend. 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."

According to him, the fund managed to finance 60 non-commercial organizations supporting humanitarian and scientific projects in various fields, from providing clean water to African countries to protecting digital rights.

So, in December, the fund donated $1 million in BTC to the Internet Archive project, which counteracts against Internet censorship, and in January, it donated $5 million to Give Directly, which is developing the Initial Capital for the Poor project, aimed at helping citizens of Kenya, Uganda and Rwanda, living in extreme poverty.