With prices soaring into five-digit figures, Bitcoin has been garnering a lot of media attention in the last few months – and a lot of people did not even know it existed.
This couple, however, was willing to invest in the innovative cryptocurrency when it was selling for $800 a pop in 2012. Five years later, it seems that the gamble paid off.
Instead of profiting off of the financial windfall, Halle Tecco and Jeff Hammerbacher just announced that they donated all of their bitcoin gains to the MUSC Hollings Cancer Center in South Carolina.
“We made a crazy bet on bitcoin ($gbtc) in 2013. It’s done extraordinarily well,” the couple wrote on Twitter. “Excited to announce that we’ve donated it all to MUSC Hollings to further cancer research. Three cheers for bitcoin philanthropy.”
“We imagine it’s one of the first bitcoin donations to a medical school,” says Tecco. “Hopefully there will be many more!”
Hammerbacher and Tecco declined to say how much their investment was worth in total, but CNBC estimates the value to be ranging in hundreds of thousands of dollars.
We made a crazy bet on bitcoin ($gbtc) in 2012. It’s done extraordinarily well.
Excited to announce that we’ve donated it all to @muschollings to further cancer research.
Three cheers for bitcoin philanthropy 🙌🙌🙌
— techammer (@techammer) December 5, 2017