{"id":34049,"date":"2020-12-27T14:29:41","date_gmt":"2020-12-27T12:29:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34049"},"modified":"2025-08-28T16:50:08","modified_gmt":"2025-08-28T13:50:08","slug":"bitcoin-community-donates-over-1-million-to-dave-portnoys-charity-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-community-donates-over-1-million-to-dave-portnoys-charity-fund\/","title":{"rendered":"Bitcoin community donates over $1 million to Dave Portnoy&#8217;s charity fund"},"content":{"rendered":"<p>Dave Portnoy, the founder of the Barstool Sports sports media platform, launched a charitable fund to support small businesses in the United States amid the coronavirus pandemic. In just a few days he attracted more than $1 million from cryptocurrency supporters.<!--more--><\/p>\n<p>Portnoy announced the launch of The Barstool Fund on December 17, but until December 24 donations could be made only in fiat.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Introducing The Barstool Fund<\/p>\n<p>If you are a small business that needs help staying in business because of covid email us your story to barstoolfund@barstoolsports.com. We will try to help as many people as we can. <a href=\"https:\/\/t.co\/9BS8HeyHaq\">pic.twitter.com\/9BS8HeyHaq<\/a><\/p>\n<p>\u2014 Dave Portnoy (@stoolpresidente) <a href=\"https:\/\/twitter.com\/stoolpresidente\/status\/1339674567447556098?ref_src=twsrc%5Etfw\">December 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Portnoy has been actively promoting the initiative on Twitter, one of the most popular platforms for communicating with cryptocurrency fans.<\/p>\n<p>On the eve of Christmas, the fund began accepting Bitcoin, and in just a few days donations from the Bitcoin community, including fiat transfers, surpassed $1 million. Among those supporting the initiative were Gemini founders the Winklevoss brothers and Morgan Creek partner Anthony Pompliano.<\/p>\n<p>On December 25 Portnoy said that of the $750,000 donated by cryptocurrency supporters up to that point, $100,000 had come in Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Just to clarify we got 100k in crypto total. 5.4 million in US dollars. Crypto is at all time high. You had us create a way for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> people to donate crypto. Enough talk. Time for Bitcoiners to show up. <a href=\"https:\/\/twitter.com\/hashtag\/barstoolfund?src=hash&#038;ref_src=twsrc%5Etfw\">#barstoolfund<\/a> <a href=\"https:\/\/t.co\/Lff42RnR8M\">https:\/\/t.co\/Lff42RnR8M<\/a><\/p>\n<p>\u2014 Dave Portnoy (@stoolpresidente) <a href=\"https:\/\/twitter.com\/stoolpresidente\/status\/1342540490269478912?ref_src=twsrc%5Etfw\">December 25, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also urged the Bitcoin community to support the initiative more actively, and his words were heeded. In the following 36 hours the amount of cryptocurrency donations surpassed $500,000, Decrypt reported, citing Alex Wilson, co-founder of The Giving Block, which provides technical support for the platform.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZwXhLFmL8w\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/crypto-holders-boost-charitable-donations\">Crypto holders increased donations to charitable funds<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"Crypto holders increased donations to charitable funds \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/news\/derzhateli-kriptovalyut-uvelichili-pozhertvovaniya-v-blagotvoritelnye-fondy\/embed#?secret=dwHm5bkYy3#?secret=ZwXhLFmL8w\" data-secret=\"ZwXhLFmL8w\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote>\n<p>\u201cThis is a wonderful initiative, and finding the best occasion for charity is very hard. The whole country relies on small businesses; they are trying to preserve the American dream. But at a time when they needed support most, politicians abandoned them,\u201d said Anthony Pompliano.<\/p>\n<\/blockquote>\n<p>The fund has raised more than $7.1 million since its launch, providing financial assistance to many companies on the brink of bankruptcy nationwide, including restaurants, laundry services, beauty salons, and more, via <a href=\"https:\/\/www.barstoolsports.com\/the-barstool-fund\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">the Barstool Fund<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Mac\u2019s Tenders is next <a href=\"https:\/\/t.co\/NvdFZPeeN2\">pic.twitter.com\/NvdFZPeeN2<\/a><\/p>\n<p>\u2014 Dave Portnoy (@stoolpresidente) <a href=\"https:\/\/twitter.com\/stoolpresidente\/status\/1342639524854321153?ref_src=twsrc%5Etfw\">December 26, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier this year, Dave Portnoy <a href=\"https:\/\/u1f987.com\/en\/news\/dave-portnoy-invested-a-seven-figure-sum-in-bitcoin-after-meeting-the-winklevoss-twins\">invested in Bitcoin<\/a> and several altcoins by more than $1 million, but he incurred losses from a market downturn and <a href=\"https:\/\/u1f987.com\/en\/news\/dave-portnoy-who-invested-more-than-1m-in-bitcoin-exits-crypto-after-market-pullback\">excluded cryptocurrencies from his portfolio<\/a>.<\/p>\n<p>Follow ForkLog news on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dave Portnoy, the founder of Barstool Sports, launched a charitable fund to support small businesses in the United States amid the coronavirus pandemic. In just a few days he attracted more than $1 million from cryptocurrency supporters.<\/p>\n","protected":false},"author":1,"featured_media":34050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[306,1762,26],"class_list":["post-34049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charity","tag-dave-portnoy","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34049"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34049\/revisions"}],"predecessor-version":[{"id":34051,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34049\/revisions\/34051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34050"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}