Shortly
- Brown University revealed that they had exposure to Bitcoin worth $5 million via ETFs.
- The university had 105,000 shares of BlackRock's IBIT ETF as of March 31.
The Ivy League’s Brown University has millions of dollars' worth of Bitcoin exposure via BlackRock’s iShares Bitcoin Trust ETF (IBIT) ETF, according to a new Filing 13FHR SEC is a great place to start.
According to the holdings report, filed Friday, the university held 105,000 IBIT shares valued at around $4.9M as of March 31, the end of the first quarterly period. IBIT’s shares weren’t listed in the filing for the prior quarter.
The value of these shares currently stands at $5.8 Million. The position, while a substantial investment is only a small part of an endowment which will reach more than $7.2 billion by the year 2024.
The report on the 2024 endowment states that “the financial markets are more complex than they were in the last few decades and Brown has adjusted to this complexity as its endowment value has increased.” Today, professional investors are responsible for a wide range of investments strategies that demand high levels of knowledge and expertise.
Portfolio of the university includes Diversified holdings include Investments in private companies, stocks, bonds and commodities.
Brown University isn’t the only university that has sought to expose students to Bitcoin.
Unchained, a Bitcoin service provider, and the University of Austin collaborated in May 2024 to create a new Bitcoin-based product. create a $5 million Bitcoin endowment.
Emory University, Atlanta was the next stop in October. Reporting nearly 16 million dollars Grayscale Bitcoin Mini Trust is a great way to get exposure to Bitcoin. Grayscale Bitcoin Mini Trust is the most popular way to invest in bitcoin. Recently filed Holdings Report The chart shows that the number of shares has decreased, however there is a $22,000,000 Bitcoin exposure due to the price increase. This chart shows shares worth more than $1,000,000 in the leading cryptocurrency exchange Coinbase.
The trio of universities fit alongside a growing list of institutions—from Publicly traded companies The following are some of the ways to get in touch with us: World governments—that are racing to gain access to crypto’s largest asset by market cap.
Bitcoin prices reached a high of $98,000 Friday, the highest since early February. They had fallen to a low in April around $75,000. It's currently priced at $96,330.
Decrypt Before the publication of this piece, I tried to get in touch with Brown’s Investment Office for a comment. However, it was not possible to do so.
Andrew Hayward is the editor
