this post was submitted on 06 Jun 2024
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They may have not, who knows. If they're using the donations to buy arms from other countries, BTC may well be the easiest way to move those funds. Hryvnia isn't exactly a popular currency for international trade and moving money in/out of Ukraine is difficult. Banks see it as a place with many counterparty risks and low liquidity, many banks won't even let you wire money there for that reason.
If they did convert them, they probably used an exchange of some kind and converted it to whatever currency they need to buy whatever it is they want to buy. Either USD/EUR or the currency of the country they're buying from (Lira if they are buying Bayraktar drones). Somebody more knowledgeable in chain analytics than me could probably figure out which exchange they used.