Rainforest Foundation targets $10M via Bitcoin treasury
The Rainforest Foundation US (RFUS) is launching a "Treasury for the Trees" initiative to raise 100 Bitcoin (CRYPTO:BTC), aiming to secure long-term funding for rainforest protection.
This strategic Bitcoin reserve, equivalent to approximately $10 million, is intended to enhance the organisation's conservation efforts in South America.
RFUS's executive director, Suzanne Pelletier, explained that the decision to create a Bitcoin treasury was driven by the realisation that "cash in our bank account is just losing value."
Inspired by companies like MicroStrategy, RFUS aims to counteract inflation and dollar debasement by holding a portion of its reserves in Bitcoin.
"We just think with market cycles with Bitcoin, it makes sense to do it now," Pelletier added.
Unlike other proposed Bitcoin strategic reserves with restrictions on spending, RFUS plans to use the collected funds for its various initiatives across South America.
According to Pelletier, the foundation's "territorial monitoring work at the community level in Peru" costs "about $2 an acre per year," or 0.00001021 BTC.
A donation of 1 Bitcoin could support local communities in protecting 50,000 acres for a year.
RFUS differentiates itself from other NGOs by "supporting Indigenous peoples on the frontlines of rainforest protection."
The organisation partners with Indigenous communities, providing legal, technical, and advocacy support for their ancestral land rights and environmental conservation efforts.
RFUS emphasises that "all of our work is done in partnership with Indigenous peoples," co-creating projects and ensuring community involvement in decision-making.
At the time of reporting, the Bitcoin (BTC) price was $97,232.30.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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