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Jack Dorsey and Jay Z announce bitcoin fund as cryptocurrency goes mainstream

Summary
Dorsey tweeted the news Friday, writing that they are taking applications for a "blind irrevocable trust" focused on Africa and India. He promises the fund will have "zero direction" from himself and Jay Z and that the partners are searching for three board members. Dorsey and Jay Z are investing 500 bitcoin into the project, currently worth roughly $23 million.

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Bias Distribution

  • 66% of the sources are Center
66% Center
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The Block broke the news in on Friday, February 12, 2021.
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