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Tron Founder and CEO (TRX), Justin Sun, won a charity auction on eBay for a luncheon with Berkshire Hathaway's famous investor and CEO, Warren Buffett. The news was revealed in a press release communicated to Cointelegraph on 3 June.
Sun reportedly sold a record $ 4,567,888 to win Warren Buffett's charity auction for the past 20 years.
Bloomberg reports that the winner, who has not yet been named, will be able to bring seven friends to lunch with Buffett at a steakhouse in New York.
All profits from the auction benefit the GLIDE Foundation, a nonprofit organization based in San Francisco. As the press release notes, GLIDE focuses on fighting injustice and inequality on behalf of economically disadvantaged and oppressed communities, including the homeless, ethnic minorities or LGBTQ.
Buffett's wife would have been a GLIDE volunteer before his death in 2004, when the investor maintained his own commitment to the foundation, bringing in more than $ 30 million in auction revenue to date.
In a statement, Sun emphasized the importance of contributing to a foundation whose work provides holistic programs to the local community, noting that:
"The US headquarters of BitTorrent and TRON are in San Francisco, and the bid for this charity auction was a top priority for our team. I am proud to have donated my candidacy to GLIDE, a foundation that provides vital support to our local homeless community. "
According to the press release, the auction was organized in cooperation with the "eBay for Charity" initiative, which allows members of eBay's online community to support the charities they have chosen. The initiative would have collected nearly $ 912 million for non-profit organizations via the e-commerce community to date.
In her own statement, Karen Hanrahan, CEO and President of GLIDE, pointed out that 100% of Sun's contribution would be used "to help people overcome barriers such as homelessness, substance abuse, hunger and social isolation and realize their full potential ".
As noted, Sun has also recently Free personally deposit 7,000 BTC to compensate for the loss suffered by the major hacking of the main Binance cryptographic exchange last month. The offer – as well as other similar offers from industry members such as Coinbase and QKC – was gratefully acknowledged, but was denied by Binance's general manager, Changpeng Zhao.
For some members of the cryptographic community, Sun's charity luncheon with Warren Buffett will recall the investor's widely held negative opinion on decentralized crypto-currencies. While Buffett is well known for this scathing attitude – dubiously labeling bitcoin as "probably poison to the square rat" – he has recently made more positive comments about the blockchain.
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