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 Sep 11, 2021 at 1:29 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

"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 has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


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.