Tron’s Justin Sun Wins eBay Charity Auction in $4.57M Bid to Lunch With Warren Buffett


Tron (TRX) founder and CEO Justin Sun has received an eBay charity public sale to have lunch with famend investor and Berkshire Hathaway CEO Warren Buffett. The information was revealed in a press launch shared with Cointelegraph on June 3.

Sun reportedly bid a record-breaking $4,567,888 to win the charity public sale, which has been held by Warren Buffett for the previous 20 years.

Bloomberg reviews that the winner, who had beforehand been unnamed, will have the ability to convey seven buddies alongside for lunch with Buffett at a steakhouse in New York.

All proceeds from the public sale profit the San Francisco-based non-profit GLIDE Foundation. As the press launch notes, GLIDE focuses on preventing injustice and inequality on behalf of economically disadvantaged and oppressed communities in want, together with the homeless, these from ethnic minorities or of LGBTQ orientation.

Buffett’s spouse is reported to have been a GLIDE volunteer earlier than her passing in 2004, since which the investor has upheld his personal dedication to the muse, reportedly elevating over $30 million up to now in public sale proceeds.

In an announcement, Sun emphasised the significance of contributing to a basis whose work offers holistic packages for the local people, noting that:

“BitTorrent and TRON’s US headquarters are in San Francisco, and bidding on this charity public sale was a key precedence for our group. I’m proud to have my bid donated to GLIDE, a basis that gives crucial help for our native homeless neighborhood.”

According to the press launch, the public sale was hosted in cooperation with the “eBay for Charity” initiative, which allows members of eBay’s on-line neighborhood to help their chosen charities each donate platform-derived proceeds and extra contributions to numerous causes. The initiative has reportedly raised nearly $912 million for nonprofits through the e-commerce neighborhood up to now.

In her personal assertion, Karen Hanrahan, CEO and president of GLIDE, underscored that 100% of Sun’s contribution could be used “to assist folks overcome obstacles akin to homelessness, habit, starvation and social isolation and attain their full potential.”

As reported, Sun additionally lately provided to personally deposit 7,000 BTC to compensate the loss incurred by the foremost hack of prime crypto alternate Binance final month. The supply — alongside different related gives from trade members akin to Coinbase and QKC — was gratefully acknowledged however declined by Binance CEO Changpeng Zhao.

For some within the crypto neighborhood, Sun’s charity lunch with Warren Buffett will recall the investor’s much-publicized adverse view of decentralized cryptocurrencies. While Buffett is well-known for this scathing stance — memorably characterizing bitcoin as “in all probability rat poison squared.” He has, nonetheless, lately made extra optimistic feedback in regard to blockchain.

What You Think About This Topic? Leave Your COmment