Fidelity Charitable Has Raised $9 Million in Bitcoin So Far in 2017

Fidelity Charitable has announced it has raised nearly $9m in bitcoin in 2017, a figure that already surpasses last year's total.

AccessTimeIconJun 29, 2017 at 2:35 p.m. UTC
Updated Aug 18, 2021 at 6:25 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Fidelity Charitable, the donor fund connected to mutual fund giant Fidelity Investments, raised nearly $9m in bitcoin during the first half of this year, according to its annual report.

After raising $7m in bitcoin during 2016, Fidelity Charitable recently experienced a marked uptick in donations, bagging roughly $2m more than that figure in the last six months alone. The annual report further revealed that "nearly $2bn" has been committed by all funding methods since the start of the year.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • "This is more money given to charities over the first half of the year than ever before in the organization’s 26-year history," the organization said in the report.

    The disclosure comes weeks after Fidelity's CEO took the stage at CoinDesk's Consensus 2017 blockchain conference to discuss the firm's deep interest in the technology, particularly in public blockchains and cryptocurrencies.

    Fidelity's charity effort first began accepting bitcoin in late 2015, pitching the concept as a way to expand the possible donor pool by opening up to less traditional assets.

    Donations jar image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.