Tron founder scores winning bid in eBay for Charity auction

Justin Sun, founder and CEO of Tron (TRX), has landed a lunch with investor and Berkshire Hathaway CEO, Warren Buffett, after placing the winning bid in an eBay charity auction that has been held by Buffett for the past 20 years. The auction was hosted in cooperation with the “eBay for Charity” initiative.

Justin Sun.

Reports suggest that Sun placed a staggering $4,567,888 bid in an effort to net the prize and will be allowed to bring seven friends along to the gathering, which will be held at a New York steakhouse.

All proceeds from the auction benefit the San Francisco-based non-profit GLIDE Foundation. GLIDE focuses on fighting injustice and inequality on behalf of economically deprived and oppressed communities in need, including the homeless, those from ethnic minorities or of LGBTQ orientation. The charity is reportedly one which was supported by Buffett’s late wife, making it a poignant choice for Buffett.

Following his win, Sun emphasised the importance of contributing to a foundation whose work provides holistic programs for the local community, noting that “BitTorrent and TRON’s US headquarters are in San Francisco, and bidding on this charity auction was a key priority for our team. I’m proud to have my bid donated to GLIDE, a foundation that provides critical support for our local homeless community.”

Warren Buffett.

In her own statement, Karen Hanrahan, CEO and president of GLIDE, underscored that 100% of Sun’s contribution would be used “to help people overcome barriers such as homelessness, addiction, hunger and social isolation and reach their full potential.”

Sun made headlines last month, when he offered to compensate Binance with 7,000 BTC  following their shocking hack. His offer was backed by similar bids of generosity from other industry giants, such as Coinbase and QKC, but was politely declined by Binance CEO, Changpeng Zhao.