U.S. University Reveals $15 Million Investment in Grayscale Bitcoin Mini Trust
Emory University, located in Atlanta, has disclosed a significant investment in cryptocurrency, holding approximately 2.7 million shares of the Grayscale Bitcoin Mini Trust, valued at about $15.1 million, according to an SEC filing dated October 25.
This positions Emory as one of the few educational institutions to invest in such crypto assets, joining a trend observed among some pension funds in Wisconsin and Jersey City that have also ventured into crypto-based exchange-traded products (ETFs).
The Grayscale Bitcoin Mini Trust, launched in July, is designed to provide passive exposure to Bitcoin prices and is a spin-off of the Grayscale Bitcoin Trust (GBTC).
By offering a lower share price, it allows investors to gain more accurate exposure to Bitcoin’s price movements.
READ MORE:
Microsoft’s Interest in Bitcoin is a Turning Point for Corporate Investment – Anthony PomplianoAdditionally, Emory reported holding 4,312 shares of Coinbase, valued at $768,269, with Coinbase serving as the custodian for Grayscale’s Bitcoin assets. The data reflects Emory’s investment portfolio as of September 30,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump confirms ‘DOGE’ efficiency dept. will be led by Musk and Ramaswamy as Dogecoin’s market cap swells
President elect Donald Trump announced Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will lead the Department of Government Efficiency, or “DOGE.”Dogecoin’s market capitalization has soared recently to $60 billion.
AltLayer unveils 'Autonome,' a platform to create and deploy autonomous AI agents
AltLayer has announced the upcoming launch of “Autonome” to accelerate the “Verifiable Agentic Web.”The platform is designed to facilitate the creation, deployment, discovery and distribution of autonomous AI agents.
Spot bitcoin ETFs continue strong inflows of $817 million, BTC dips 3.4%
Spot bitcoin ETFs in the U.S. drew in $817.5 million in daily net inflows amid a broader crypto market rally on Tuesday, which has since paused.Bitcoin fell 3.4% in the past 24 hours to currently trade at $86,855, potentially indicating some profit-taking by investors, according to a BRN analyst.
PayPal’s PYUSD stablecoin now supports cross-chain transactions via LayerZero integration
Share link:In this post: PayPal U.S.-dollar-pegged stablecoin can now transfer seamlessly between Ethereum and Solana via LayerZero. Each PYUSD transfer is secured by a decentralized verifier network (DVN) involving Paxos, Google Cloud, and LayerZero Labs. The supply of the stablecoin on Solana has shrunk to $186 million.
Trending news
MoreCrypto prices
More
