Brown University Joins Emory and Austin in Major Bitcoin Investment
Brown University has revealed a significant investment in Bitcoin, joining Emory University and the University of Austin as U.S. universities to publicly announce such purchases. The Ivy League institution holds 105,000 shares of a BlackRock spot Bitcoin ETF, currently valued at $4.9 million.
Brown's Bitcoin position, worth $4.9 million as of March 31, 2025, is its latest foray into cryptocurrency investments. The university's exact Bitcoin exposure is not clear, as no public information identifies the specific officials responsible for the acquisition. However, this disclosure follows Emory University's revelation of its own Bitcoin holdings in October 2024.
Emory's investment, initially worth $15.1 million in Grayscale Bitcoin Mini Trust ETF shares, has likely grown to over $21 million due to Bitcoin's price increase. Meanwhile, the University of Austin gained Bitcoin exposure in May 2024 through a partnership with Unchained Capital, raising $5 million in Bitcoin for its endowment.
Brown University's Bitcoin investment, along with those of Emory University and the University of Austin, signals a growing trend of U.S. universities allocating a portion of their endowments to cryptocurrencies. As Bitcoin's price fluctuates, the value of these investments is subject to change, but these universities are betting on the digital asset's long-term potential.
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