A Twitter thread from Brian Armstrong on May 24, 2021:
This didn’t get much attention, but I’m proud to say Coinbase is part of Pledge 1%. This means we are allocating 1% of equity, profit, and employee time toward our non-profit foundation . 1% of equity means this is going to be an enormous foundation…
There was a big push I made for this in 2020, which required full board support (to their credit there was 100% support). We’re actually doing 0.1% equity per year for 10 years. It gives us a ton of resources over time to allocate toward….
Open source developers working on the underlying blockchains & protocols
Training more people to work in the cryptoeconomy
The for-profit work we do is still 99% of our efforts and where the vast majority of our contribution to the world will come from. But some efforts are best done through a non-profit (like giving small amounts of crypto directly to recipients in need all over the world).
So the two are very complementary toward achieving our mission as a company.
We’ll also be doing an employee match program, on donations to any charities that employees want to support.
Sep 22, 2023,
4min read time
Sep 22, 2023,
3min read time
Sep 19, 2023
Today we’re launching an effort to mobilize 52 million crypto owners – younger and more diverse than the US population as a whole – into a powerful force heading into the 2024 elections with an intense focus on nine key states.