- 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 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! 🧡”
Stay on top of crypto news, get daily updates in your inbox.