An American educational institution, Emory University, has recently revealed its purchase of a substantial amount of Bitcoin. In a filing with the U.S. Securities and Exchange Commission (SEC), Emory University disclosed that it possesses around 2.7 million shares of the Grayscale Bitcoin Mini Trust, which is valued at approximately $15.1 million. This investment indicates that Emory University now holds an equivalent value of BTC.
Emory University’s decision to invest in crypto assets sets it apart from other academic institutions, as it joins the few educational establishments that have reported significant exposure to cryptocurrencies. While pension funds in Wisconsin and Jersey City have previously disclosed their holdings in crypto-based exchange-traded products (ETPs), Emory University’s stake in the Grayscale Bitcoin Mini Trust is particularly noteworthy in higher education circles.
The Grayscale Bitcoin Mini Trust, which was approved in July, offers a lower-cost derivative of Grayscale’s primary Bitcoin Trust (GBTC). By doing so, it provides investors with passive exposure to the price movements of Bitcoin at a lower share price, offering a more secure means of gaining exposure to the cryptocurrency.
In addition to its holdings in the Grayscale Bitcoin Mini Trust, Emory University reportedly owns 4,312 shares of the cryptocurrency exchange Coinbase, with a value of $768,269.
Please note that this article does not constitute investment advice.
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