Emory University has revealed a $16 million investment in the Grayscale Bitcoin Mini Trust BTC, making it one of the first higher education institutions to enter into holdings of Bitcoin BTC/USD.
The move follows a trend in recent years with major companies such as Tesla, Block Inc. (formerly Square), and PayPal adding Bitcoin to their balance sheets.
The university’s recent SEC filings show it acquired approximately 2.7 million shares of Grayscale Trust, highlighting the institution’s growing interest in digital assets.
Emory’s investment signals confidence in the potential of cryptocurrencies as an alternative asset class, as Tesla made a notable $1.5 billion Bitcoin purchase in 2021 (later sold some to stabilize its holdings). It shows.
Block, another major player in the corporate Bitcoin space, invested $50 million in 2020 and added another $170 million in 2021, showing that Bitcoin is a long-term store of value. I further demonstrated that.
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Emory’s decision to invest directly in Bitcoin ETF shares is notable because it brings a new level of diversification to the university’s endowment strategy, but it is also notable for bringing a new level of diversification to the university’s endowment strategy, but it is also a step ahead of other major universities such as Harvard, Yale, and Stanford. has not yet publicly declared this path.
In addition to its Bitcoin stock, Emory also disclosed ownership of 4,312 shares of Coinbase COIN worth approximately $768,000, demonstrating its comprehensive approach to digital asset investing.
Coinbase will also serve as the custodian of Grayscale’s Bitcoin assets, creating synergies with Emory’s portfolio as it expands into digital finance.
Emory’s announcement comes amid rising inflows into Bitcoin ETFs.
The spot Bitcoin ETF market has seen significant growth, with over $188 million in new fund inflows this year alone, primarily led by BlackRock’s iShares Bitcoin Trust IBIT and Bitwise’s Bit. Coin Strategy ETF BITB is leading the way.
What’s Next: These developments will be discussed at Benzinga’s Future of Digital Assets event on November 19th, where experts discuss what corporate and institutional Bitcoin investment means for the broader financial environment. Investigate the impact.
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