They donated about $ 24 million to that project.
Twitter boss Jack Dorsey announced it This Friday, the creation of a fund dedicated to promoting bitcoin, in partnership with Jay-Z, singer and rap industry mogul.
Jay-Z and I are giving a 500 BTC donation to the fund called ₿trust to fund bitcoin development, […] it will function as a blind and irrevocable trust and will not receive addresses from us, ”said Dorsey. It should be noted that that amount equates to approximately $ 24 million, given next Friday’s price.
Dorsey, who is also the founder and head of Square for mobile payments and financial services, noted that they are looking for three members of the new fund’s board of directors, and added a link to an online submission application of bio-totals, which includes the phrase that the company’s mission is “to make bitcoin the currency of the Internet.”
Launched in 2009, the cryptocurrency has seen a rapid rise since March last year, breaking all records one by one, surpassing $ 48,000.