Emory University Doubles Down on Bitcoin With $52M Grayscale BTC ETF Stake
Emory University significantly increased its Bitcoin holdings in Q3 by acquiring over 1 million shares of the Grayscale Bitcoin Mini Trust.Summary
Emory University substantially increased its investment in Bitcoin during the third quarter, reporting a stake of over 1 million shares in the Grayscale Bitcoin Mini Trust as of September 30, valued near $52 million at that time. This marks a significant increase from the nearly 500,000 shares held at the end of Q2, and follows their initial disclosure of a position in Grayscale's trust in October 2024. The university also maintained its small position in BlackRock's spot bitcoin ETF and showed broader interest in hard assets by establishing a nearly $79 million stake in BlackRock's iShares Gold Trust. This increasing allocation to Bitcoin ETFs by an endowment fund, which typically favors conservative strategies, signals a growing comfort level among institutional investors regarding regulated crypto investment vehicles.
(Source：CoinDesk)