Renowned US University Allocates 15 Million for Investment in Grayscale Bitcoin Mini Trust

Byadmin

Oct 27, 2024
Renowned US University Allocates 15 Million for Investment in Grayscale Bitcoin Mini TrustRenowned US University Allocates 15 Million for 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 Pompliano
Additionally, 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,

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *