Crypto billionaire Chris Larsen donated half a million dollars to a group supporting Theo Ellington in the District 10 supervisor race.

The $500,000 donation (opens in new tab) is unprecedented. It’s among the largest single donations to a third-party group supporting a single candidate in San Francisco.

San Francisco’s wealthy regularly spend six-figure sums on city ballot measures, but such donations aren’t typical in races for elected office, according to the San Francisco Ethics Commission. Large donations are routinely made to third-party groups spending on multiple candidates.

Donors are limited to $500 in direct contributions to candidates, but third-party groups can accept donations of any size.

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