As Gold (XAU) price signals a potential market reversal, capital rotation to Bitcoin (BTC) has accelerated.

Brown University, a veteran University founded in 1764, disclosed a $4,915,050 holding of BlackRock's iShares Bitcoin Trust ETF in the form 13F to the U.S. SEC.

The world's oldest university, Brown University, has disclosed a $4,915,050 holding of BlackRock’s iShares Bitcoin Trust ETF (NYSE:IBIT) in the form 13F to the U.S. SEC.

The IBIT fund has grown significantly in the last year to currently hold about 607,685.5 Bitcoins, which is worth over $58 billion.

The university, which was founded in 1764, becomes the third U.S.-based university to publicly announce a Bitcoin holding.

Earlier this year, Emory and the University of Austin (UATX) announced a significant Bitcoin purchase.

Brown University has a rich balance sheet of more than $7 billion in endowments, which could be converted to Bitcoin in the near future.

Bitcoin has proved to be a reliable store of value and the United States is about to implement its Strategic Bitcoin Reserve.

The rising adoption of Bitcoin by institutional investors amid rising global liquidity has helped increase its bullish sentiment.

The flagship coin is about to record its fourth consecutive bullish weekly close, after a bearish first quarter fueled by trade war fears.

From a technical analysis standpoint, BTC price is now aiming to retest its all-time high and kickstart the much anticipated 2025 parabolic rally.

However, a drop below $92k will result in further capitulation and potentially a long squeeze in the subsequent weeks.output: As the price of Gold (XAU) signals a potential market reversal after an impressive rally since the first quarter of 2024, capital rotation to Bitcoin (BTC) has accelerated. According to market data from Glassnode, Long Term Holders added more than 254k BTCs in the past three months to currently hold about 14.3 million coins.

The apex cryptocurrency is now aiming to retest its all-time high and kickstart the much-anticipated 2025 parabolic rally. However, a drop below the $92k support will result in further capitulation and potentially a long squeeze in the subsequent weeks.

U.S. university discloses $4.9 billion Bitcoin holding

Brown University, a veteran university founded in 1764, disclosed a $4,915,050 holding of BlackRock’s iShares Bitcoin Trust ETF (NYSE:IBIT) in the form 13F to the U.S. SEC. The IBIT fund has grown significantly in the last year to currently hold about 607,685.5 Bitcoins, which is worth over $58 billion.

Following the announcement, Brown University becomes the third U.S.-based university to publicly announce a Bitcoin holding. Earlier this year, Emory and the University of Austin (UATX) announced a significant Bitcoin purchase.

Brown University has a rich balance sheet of more than $7 billion in endowments, which could be converted to Bitcoin in the near future.

Bitcoin has proved to be a reliable store of value and the United States is about to implement its Strategic Bitcoin Reserve. The rising adoption of Bitcoin by institutional investors amid rising global liquidity has helped increase its bullish sentiment.

The flagship coin is about to record its fourth consecutive bullish weekly close, after a bearish first quarter fueled by trade war fears.