Jack Dorsey Donates $1 Million to Crypto Think Tank Coin Center

Jack Dorsey Donates $1 Million to Crypto Think Tank Coin Center

In brief

  • Jack Dorsey, the CEO of Twitter and Square, has donated $1 million to the crypto-focused think tank Coin Center.
  • It’s a personal donation.
  • Both Twitter and Square have been working on their own blockchain initiatives.
  • Jack Dorsey, the CEO of Twitter and Square, has donated $1 million to the crypto-focused think tank Coin Center.

    Jerry Brito, the organization’s executive director, tweeted out the news earlier today:

    Coin Center has received and incredibly generous gift of $1 million from @jack — we’re speechless. 😮We were almost to our goal for the matching campaign when he put us over the top and then some.Your confidence in our work is incredibly humbling.— Jerry Brito (@jerrybrito) February 10, 2021

    Coin Center has also confirmed that the donation was personal, as opposed to coming through Square or Twitter.

    Last month, the think tank launched a promo campaign with Greyscale, a digital asset manager, which promised to match donations up to $1 million. Brito wrote that Dorsey put the campaign “over the top and then some.”

    Dorsey has been advocating for blockchain tech for years: Square’s dedicated cryptocurrency arm has invested a significant chunk of its own treasury in crypto, and gives out grants to Bitcoin developers in the space. It’s also put $10 million toward its “Bitcoin Clean Energy Investment Initiative,” which looks to reduce the asset’s notoriously large carbon footprint.

    Dorsey also set up Blue Sky, a non-profit tasked with building a decentralized protocol for Twitter.

    Said Dorsey to Coin Center: “Thank you for your incredible work! 🧡”

    Source

    Subscribe to get our top stories