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Crypto pioneer Justin Sun pays $ 4.57M for Buffett lunch



(Reuters) – Warren Buffett once called bitcoin "probably rat married squared." He now has to eat with one of the cryptocurrency's biggest fans.

Cryptocurrency pioneer Justin Sun revealed on Monday that he offered the record $ 4.57 million on a charity auction to have lunch with Mr Buffett, billionaire chairman of Berkshire Hathaway Inc.

Mr. Sun's winning bid, which the 28-year-old announced on Twitter, was confirmed by the Glide Foundation, whose five-day auction on eBay ended on Friday night.

Glide is located in San Francisco's Tenderloin District and serves the poor, homeless and those who struggle with abuse.

Mr. Buffett, 88, has increased about $ 34.2 million for Glide in 20 annual auctions, which began in 2000 and moved to eBay in 2003.

His first wife Susan, who died in 2004, introduced him to pursue charity volunteering.

Mr. Sun, who launched Tron or TRX token in 201

7, said on Twitter that he intends to invite industry leaders from the blockchain community to eat with Mr. Buffett. The lunch was held at the blacksmith and Wollensky steakhouse in Manhattan.

"I officially announce that I have won the record-breaking 20th anniversary lunch hosted by @WarrenBuffett," Sun tweeted. "I will also invite #blockchain industry leaders to meet with a titanium of investment. I hope this benefits everyone."

Berkshire, who Mr. Buffett has been running since 1965, owns more than 90 companies such as Geico Auto Assurance and BNSF Rail, and invests in shares such as Apple Inc., Coca-Cola Co. and Wells Fargo & Co.

At Berkshire's annual meeting last month, Mr. Buffett bet on bitcoin to bet zero or double zero on a Las Vegas roulette wheel. "I have to say, bitcoin has rejuvenated that feeling in me," Buffett said.

At Berkshire's annual meeting last month, Buffett resembled bitcoin into games in Las Vegas.

                    


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