But it still feels the need to plead (or almost beg) for 3-5$ donations yearly with huge call to action banners on every wiki page. Which is okay, I get that they need funds. But to then throw away 140 000$ worth of donations on a whim completely contradicts the "every dollar counts, please help" message of their fundraising banners.
The former is a community decision, the latter is done by the WMF. Many in the community, probably a majority, are very annoyed by WMF's yearly dishonest begging runs, and WMF's interference in WP operations in general.
This decision has been taken by the community, aka users. This isn’t a decision the WMF has taken, nor have they responded thus far.
https://www.coindesk.com/tech/2020/05/11/vitalik-buterin-say...
They are a non-profit only in the most technical sense these days, but have never been a charity.