Halle Tecco and Jeff Hammerbacher have a knack for spotting early technology trends, ranging from Facebook to digital health.
In 2013, they made one of their best bets yet by backing a then little-known cryptocurrency called bitcoin. Specifically, Tecco told CNBC they made an angel investment in the Grayscale Bitcoin Investment Trust, a vehicle for accredited investors to invest in cryptocurrency.
CNBC has learned that they’ve donated the investment to cancer research, specifically to the MUSC Hollings Cancer Center in South Carolina.
Tecco confirmed to CNBC, “We pretty much forgot about it for a few years (the bitcoin investment) and then this year, it got interesting,” she explained. She declined to say exactly how much the investment was worth, as the hospital will have to decide whether to convert the investment into bitcoin and ultimately into dollars, but the value is in the hundreds of thousands of dollars at today’s price.
Tecco said the …
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