The Bitcoin Water Trust Reaches 100 Bitcoin Today

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The Bitcoin Water Trust, an exponential growth fund by nonprofit charity: water for providing clean water to people in developing countries, has reached its goal of raising 100 BTC, reported Forbes. The fund received its one-hundredth bitcoin after the Winklevoss brothers, founders of the Gemini bitcoin exchange, personally matched the first 50 BTC donated to the trust.

“Charity: water began accepting Bitcoin in 2014, using the proceeds to fund the construction of new water projects around the world,” said the founder and CEO of charity: water, Scott Harrison, per the report. “We came up with the Bitcoin Water Trust after we converted a total of 569 Bitcoin donated to us at spot prices along the way.”

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