Did Ukraine Use All of Its Crypto and BTC Donations?
- Ukraine receives massive crypto and BTC donations.
- Estimates to roughly above $100 Million.
- Most donations have been spent towards weapon supplies and protective gears.
The war of the decade, yep, tensions between Russia and Ukraine are still high. Seems, this war would not end any sooner as expected all around the world. Moreover, the Russian President, Vladimir Putin still maintains the same rage towards Ukraine, as he turned down the talks proposed by the Ukraine President, Volodymyr Zelenskyy.
With all this into account, as soon as Russia’s invasion war on Ukraine started, soon crypto donations started to flow in massively, growing up higher and higher with the passing of each day. From all over the world, crypto and Bitcoin (BTC) donations were sent to support Ukraine by all means possible.
In spite of this, taking into account a rough estimation, so far crypto and BTC donations, worth more than $100 million have been donated to Ukraine. Apart from crypto and BTC, this massive donation also includes Non-Fungible Token (NFT) too. Possibly, the epic CryptoPunk NFT #5364 has also been donated anonymously.
Spendings of Crypto Donations
In the beginning, most of the donations through crypto and other digital assets towards Ukraine were indeed unofficial. However, soon upon the initial days of the war, Ukraine officially started to accept crypto, BTC, NFTs, and all other sorts of digital assets as donations eventually, upon further insistence by people from all over the world.
As soon as the donations became official in Ukraine, the donations started to surge effortlessly. So far, it’s estimated that all the donations through crypto, BTC, NFTs, and other digital assets altogether sum up to more than $100 million.
In spite of all this, the Ukrainian Digital Transformation minister, Alex Bornyakov terns that most of these donations are being spent towards procuring weaponaries, protective gears like helmets, and much more. In addition, Bornyakov shows out officially the list of items procured with the crypto donation since March 1, 2022.
Items brought include 5,500 bulletproof jackets and vests,410,000 launchers, and 500 helmets. Furthermore, the Ukrainian minister terms that such crypto donations and especially crypto have indeed played a major role in the contribution of its support towards Ukraine from all over the world.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
