German software developer donated $1.2M in 'undeserved' Bitcoin to political party

Cointelegraph

Published Apr 14, 2021 05:29PM ET

Updated Apr 14, 2021 07:00PM ET

A German national who reportedly sees his Bitcoin profits as "undeserved wealth" has donated more than $1 million to the country’s green political party.

According to Hamburg-based news outlet Die Zeit, Moritz Schmidt, a software developer from the northeastern town of Greifswald, has sent one million euro — roughly $1.2 million — to Germany’s green party, known as The Greens or Alliance 90. A party spokesperson said Schmidt had made significant gains during the Bitcoin (BTC) bull run but wanted to contribute to causes related to environmental and climate protection rather than HODLing his crypto.

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