{"id":42912,"date":"2021-05-21T12:53:05","date_gmt":"2021-05-21T09:53:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42912"},"modified":"2025-08-31T01:17:05","modified_gmt":"2025-08-30T22:17:05","slug":"wharton-school-of-the-university-of-pennsylvania-receives-anonymous-5-million-donation-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wharton-school-of-the-university-of-pennsylvania-receives-anonymous-5-million-donation-in-bitcoin\/","title":{"rendered":"Wharton School of the University of Pennsylvania receives anonymous $5 million donation in bitcoin"},"content":{"rendered":"<p>An anonymous donor donated $5 million in bitcoin to the Wharton School of the University of Pennsylvania.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Innovation is a hallmark of the <a href=\\\"https:\/\/twitter.com\/Wharton?ref_src=twsrc%5Etfw\\\">@Wharton<\/a> School. An unprecedented, $5 million donation of <a href=\\\"https:\/\/twitter.com\/Bitcoin?ref_src=twsrc%5Etfw\\\">@Bitcoin<\/a> to the School will further that pathbreaking spirit by providing funding for the Stevens Center for Innovation in Finance. <a href=\\\"https:\/\/twitter.com\/hashtag\/powerofpenn?src=hash&#038;ref_src=twsrc%5Etfw\\\">#powerofpenn<\/a> <a href=\\\"https:\/\/t.co\/gR3WB9uSA2\\\">https:\/\/t.co\/gR3WB9uSA2<\/a><\/p>\n<p>\u2014 Penn (@Penn) <a href=\\\"https:\/\/twitter.com\/Penn\/status\/1395386341224026115?ref_src=twsrc%5Etfw\\\">May 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The funds will be directed toward educational and research programs related to financial innovation. For the institution, it is the largest charitable donation in cryptocurrency.<\/p>\n<p>A representative of the business school told <a href=\\\"https:\/\/decrypt.co\/71536\/mystery-donor-gives-penn-wharton-5-million-in-bitcoin-school-says-it-has-downside-protection\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener nofollow\\\">Decrypt<\/a> that it has been accepting donations in digital assets since early 2021. The sum of such contributions must exceed $10 000. Cryptocurrency payments for the institution are processed by the NYDIG platform.<\/p>\n<p>According to Wharton Vice President John Zeller, to address volatility in cryptocurrencies, the administration typically sells assets immediately after receipt. He added that the school has put protections in place to guard against a market downturn, though he did not specify what those are.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWe have protections in place in case of a downturn and everything needed to support the budget. We will simply see how events unfold in the future,\u201d said Zeller.<\/p>\n<\/blockquote>\n<p>In April 2021, software developer Moritz Schmidt donated <a href=\"https:\/\/u1f987.com\/en\/news\/german-greens-received-e1-million-in-bitcoin\">\u20ac1 million in bitcoins<\/a> to the Greens in Germany.<\/p>\n<p>Earlier, the American charitable organization Songs of Love created the superhero <a href=\"https:\/\/u1f987.com\/en\/news\/in-the-united-states-a-bitcoin-superhero-is-created-to-boost-crypto-donations-for-sick-children\">Billy Bitcoin<\/a> to raise interest in donations. The fund accepts donations in 25 digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous donor donated $5 million in bitcoin to the Wharton School of the University of Pennsylvania.<\/p>\n","protected":false},"author":1,"featured_media":42913,"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":[18,306],"class_list":["post-42912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-charity"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42912","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=42912"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42912\/revisions"}],"predecessor-version":[{"id":42914,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42912\/revisions\/42914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42913"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}