Vitalik Buterin Provides Update on Shiba Inu COVID-19 Relief Fund: Where Did the Money Go?
Ethereum co-founder Vitalik Buterin's substantial donation of Shiba Inu (SHIB) to a COVID-19 relief crypto fund in India generated significant buzz and raised hopes during a critical time. This article provides the latest update on how those funds were utilized and Buterin's continued involvement.
Back in 2021, Buterin donated around $1.5 billion in cryptocurrencies to India’s Covid-19 relief fund, a gesture that significantly helped the country in fighting the pandemic. This included a large sum of Shiba Inu tokens. We'll delve into the specific projects supported and the impact of this generous contribution.
$100 Million Shiba Inu Fund: Rolling Out Grants
A $100 million Shiba Inu fund backed by Vitalik Buterin has begun rolling out grants, directly supporting various initiatives. But how exactly was this money spent? Ethereum founder Vitalik Buterin has given a fresh update about where his Shiba Inu donation to the Indian Crypto Covid Relief Fund has been spent in the last few months, highlighting the key areas of impact.
$20 Million Disbursed: A Breakdown
Around $20 million worth of Vitalik Buterin’s initial donation has been paid out so far. This money has been strategically allocated to address urgent needs, including medical supplies, infrastructure development, and support for vulnerable communities.
Buterin's Continued Support and $10 Million Pledge
Vitalik Buterin remains committed to supporting COVID-19 relief efforts in India. He has pledged an additional $10 million to CryptoRelief, an India-focused coronavirus prevention initiative. Via his Twitter account, the Polygon co-founder revealed that he has been working with Buterin to “accelerate relief efforts in India”. In that sense, the inventor of Ethereum will receive $100
Shiba Inu Donation in 2025: What's Happening?
While initial donations were made previously, Ethereum ETH/USD co-founder Vitalik Buterin shared an update on how $100 million worth of Shiba Inu SHIB/USD was put to use in fighting COVID-19. 9 de sept. de 2025 Ethereum co-founder Vitalik Buterin is receiving a share of Shiba Inu coins back that he previously donated to an Indian COVID-19 Relief Fund in the year 2025, also Ethereum.
The Future of Crypto Philanthropy
Vitalik Buterin's actions serve as an example of the potential for cryptocurrency to contribute to global humanitarian efforts. His ongoing involvement with the India COVID-19 relief fund highlights the importance of transparency and accountability in crypto philanthropy. The initial donation totaled around $1 billion in Ethereum.