JustGiving has rolled out a new feature: cryptocurrency donations. This change opens up many more ways for users to support charities and fundraising campaigns.
Now, you can donate in over 60 different cryptocurrencies, including Bitcoin, Ethereum, Tether, and Dogecoin. This update comes at a time when interest in cryptocurrencies is on the rise.
The Giving Block is the company behind the technology that makes these crypto donations possible. Alex Wilson, co-founder of The Giving Block, stated, “Our goal is to make accepting cryptocurrency donations just as easy as taking any other online donations.” He emphasized that charities need to connect with this new group of donors.
Over the past 24 years, JustGiving has helped raise nearly $9 billion in donations. With this new option, they’re likely to increase that amount even more. In the last five years alone, more than $2 billion in cryptocurrency has been donated to charities. That’s a significant boost!
Interestingly, the average crypto donation is about 40 times larger than donations made in traditional currency. This shows just how impactful these contributions can be.
In another update, MicroStrategy has increased its offering of convertible notes to $2.6 billion to buy more Bitcoin. Despite already holding over $31 billion in Bitcoin, the company announced this expansion due to “high demand” for the new notes.
Meanwhile, Marathon Digital Holdings is issuing $850 million in convertible notes, with plans to potentially raise that to $1 billion. This move is aimed at repaying existing debt and acquiring more Bitcoin. They plan to use about $199 million from the expected proceeds to buy back some of their 2026 convertible notes.
As for MicroStrategy, they recently acquired 51,780 BTC, valued at $4.6 billion. This purchase is the latest in a series of acquisitions dating back to 2020. Michael Saylor, the company’s co-founder, made a strategic decision to invest in Bitcoin to maximize long-term value for shareholders.
These developments highlight the growing intersection of cryptocurrency and charitable giving, as well as the ongoing commitment of companies to invest in Bitcoin.