Engiven, Inc. Facilitates $ 10 Million Bitcoin Donation, One of the Largest in History
Posted: October 4, 2021 at 3:00 a.m. MDT|Update: 2 hours ago
SAN DIEGO, October 4, 2021 / PRNewswire / – Engiven, Inc., a leading cryptocurrency donation platform, is delighted to announce that it has facilitated a $ 10 million Donation of Bitcoin, one of the largest publicly known Bitcoin donations to date. Engiven is a fintech leader in the space, providing an enterprise crypto donation management solution for nonprofits of all sizes.
Engiven, Inc. facilitates $ 10 million Donation of Bitcoin, one of the largest in history
“A donation of this size marks an important milestone in Bitcoin’s evolution as an asset and charitable tool. Cryptocurrency is quickly becoming a major influence and impact on the nonprofit world, and Engiven is at at the forefront of innovative ways to help facilitate crypto giving. We couldn’t be happier to see such a positive impact coming from our platform, and we believe this is just the beginning, ” said Jacques Laurent, co-founder and CEO of Engiven.
This historic donation will support the growth of the program for one of Engiven’s ministry clients and is the largest known Bitcoin donation given to date. The donor started mining Bitcoin on his laptop over 10 years ago and has held up for this time. He also intends to make other large Bitcoin donations in the future.
Engiven expects the strong growth in crypto donations to continue through the end of the year. By the end of Q4-2021, Engiven plans to directly serve over 1,000 nonprofit clients, including some of the largest and most respected in the world. United States, such as The Salvation Army, International Compassion, March of Dimes, the Navy Seal Foundation and American figure skating. With an average donation of over $ 7,500, Engiven believes that cryptocurrency will continue to provide an exceptional tax opportunity for donors who have held crypto for a long time.
Lawrence continued, “While some cryptocurrency donations are made by young crypto millionaires, the reality is that most major crypto donations come from investors and philanthropists who own crypto as part of their strategy. overall investment. Our experience is that these donors know which charities they want to support and, in many cases, have been supporting them for years. Cryptocurrency is simply a better way to support nonprofits. while taking advantage of the best possible tax advantages. “
The rapid adoption of cryptocurrency philanthropy is spurring the growth of many nonprofits and making it a truly exciting time for charities. Engiven is thrilled to partner with the nonprofit community and crypto donors to provide world class service that does good for the world.
Engiven is one of the leading cryptocurrency donation management platforms offering an end-to-end donation solution for the benefit of nonprofits and their donors. For more information on Engiven, visit https://engiven.com or contact Jacques Laurent, co-founder and CEO at [email protected]
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