Was looking at the Movember foundation financials from 2023 and they had something like 300m cash on the books I’d imagine waiting to be deployed on men’s health initiatives.
They and others should be holding these or some of in bitcoin!
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21 sats \ 0 replies \ @satgoob 22 Nov
I thought about this too. I know charities sometimes accept bitcoin as donations, but I assume they just convert this to cash immediately - does anyone know whether any of the bitcoin processors operates such that they keep the bitcoin as an asset to the charity?
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5 sats \ 1 reply \ @Rothbardian_fanatic 22 Nov
Why do you want to enrich the foundations?
They are the communists driving the NGOs that are disrupting the whole world!
<sarcasm>The best case for them is to pull their charter and have them distribute the money to with equity to the masses, as they preach. I imagine all the men will get a really nice vasectomy or a nice orchiectomy out of it!</sarcasm>
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0 sats \ 0 replies \ @User21000000 OP 22 Nov
Yeah I think they should be spending all funds on what they say they want the funds for. If they are holding any for future planned spending I think that should sit in bitcoin
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5 sats \ 0 replies \ @BeeAye 22 Nov
everyone should, everyone
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5 sats \ 2 replies \ @DesertDave 22 Nov
Of course. It's only a matter of time.
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0 sats \ 1 reply \ @User21000000 OP 22 Nov
Why they have so much cash on the books is questionable. Why aren’t they using it on what they say they want money for?
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5 sats \ 0 replies \ @DesertDave 22 Nov
Great question. I don't trust most foundations.
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