Jack Dorsey will convert NFT tweet auction proceeds to bitcoin and donate them to charity

Jack Dorsey will convert NFT tweet auction proceeds to bitcoin and donate them to charity


Photo by Victor Boyko/Getty Images

Twitter co-founder and CEO Jack Dorsey now plans to convert the proceeds from the NFT auction of his first tweet to bitcoin and donate them to charity. The highest bid for the tweet is currently $2.5 million.

The auction will end on March 21st, and he plans to donate the bitcoin to Give Directly, a nonprofit that lets donors send money directly to people living in poverty. He’ll be giving the bitcoin to Give Directly’s Africa Response fund for COVID-19 relief.

Dorsey put up his famous first tweet as an NFT (which stands for “non-fungible token”) on Friday evening, and bids quickly poured in, even…

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