Brown University has made its first reported foray into Bitcoin (BTC), investing $4.9 million in BlackRock’s iShares Bitcoin Trust (IBIT)
Brown University, known for its Ivy League status and conservative investments, has made its first reported foray into Bitcoin (BTC).
According to a recent 13F filing submitted to the U.S. Securities and Exchange Commission on Monday, the university acquired 105,000 shares of BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NYSE:IBIT) at an average price of $466 per share, amounting to a total investment of $4.9 million.
This position in the BTC ETF comprises about 2.3% of Brown’s reported $216 million equity holdings at the end of the first quarter.
The purchase adds Brown to a growing list of traditional institutions turning to familiar financial structures for exposure to digital assets.
While university endowments have largely remained cautious, recent months have seen a shift with the University of Austin announcing in February that it would allocate $5 million of its endowment to Bitcoin.
The fund would be held in partnership with Unchained and was set up with a five-year minimum holding period.
Other schools, including Stanford and Emory, have also reported exposure to Bitcoin through regulated investment products. These moves suggest a gradual normalization of digital assets within institutional portfolios once considered too conservative for crypto holdings.
At the time of the disclosure, Bitcoin was trading just under $97,000, based on CryptoSlate data.
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