niversity is now a Bitcoin (BTC) investor.

e institution holds 105,000 shares of BlackRock's iShares Bitcoin exchange-traded fund (IBIT).

Brown University, an Ivy League institution, has disclosed an investment in Bitcoin (BTC) through an exchange-traded fund.

According to a recent filing submitted to the U.S. Securities and Exchange Commission (SEC), the university holds 105,000 shares of BlackRock’s iShares Bitcoin ETF (IBIT).

The filing valued the shares at $4.915 million, but with IBIT priced at $55.19 per share, that total is now worth $5.79 million.

This investment follows two other well-known instances of higher educational institutions buying BTC.

Emory University, a private research university in Atlanta, holds 2,678,906 shares of the Grayscale Bitcoin Mini Trust ETF, as reported by a filing with the SEC last year. The university also acquired 4,312 shares of the cryptocurrency exchange Coinbase's stock.

The University of Austin (UATX), which welcomed its first class last fall, announced plans to invest in a $5 billion long-term endowment fund held in Bitcoin.

Chad Thevenot, UATX's senior vice president for advancement, explained that the university views investing in crypto assets similarly to how it sees investing in other asset classes.

"We believe there is long-term value in these assets, just as we believe there is long-term value in stocks or real estate."

Bitcoin is currently trading at $96,723 and has increased by over 2% in the past seven days.

An image generated by Midjourney in response to the prompt "a photorealistic image of a futuristic university campus at night, with sleek silver buildings illuminated by purple and blue spotlights, and students walking on the brightly lit pathways"

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