In short
- Brown University reported exposure to nearly $ 5 million to Bitcoin via ETF shares.
- The university had 105,000 shares of BlackRock’s Ibit ETF from 31 March.
The Brown University of the Ivy League has millions of dollars on Bitcoin exposure via BlackRock’s Ishares Bitcoin Trust ETF (IBIT) ETF, according to a new one 13F-HR entry With the sec.
The Holdings report submitted on Friday shows that the university had 105,000 IBIT shares, appreciated about $ 4.9 million from the end of the first quarter on 31 March. The IBIT shares were not mentioned when submitting the previous quarter.
The shares are currently valued at around $ 5.8 million. Although an important investment, the position is only a decrease in the bucket for a donation that has increased to more than $ 7.2 billion at the end of the tax year of 2024.
“In recent decades, the financial markets have increased considerably in complexity, and as the value of the donation has grown, Brown has adjusted,” is the 2024 gift report. “Today, a team of professional investors strives for a varied series of investment strategies that require high levels of expertise and investment cums.”
The university portfolio comprises diversified companies that include “Investments in shares, bonds, private companies, real estate and raw materials.”
Brown is not the first university to seek exposure to Bitcoin.
In May 2024, the University of Austin (UATX) worked together with Bitcoin Services Company Unchained to Make a Bitcoin -SCHOOD of $ 5 million.
Than in October, Atlanta’s Emory University almost $ 16 million reported In Bitcoin exposure via the Grijstinal Bitcoin Mini Trust. It’s the most Recently submitted Holdings report Shows a reduction in shares, but about $ 22 million in Bitcoin exposure thanks to the price increase of the active. It also shows more than $ 1 million in shares in leading crypto exchange, Coinbase.
The trio of universities fits in addition to a growing list of institutions – of publicly traded companies Unpleasant World governments– That racing to gain access to the largest possession of crypto per market capitalization.
The price of Bitcoin approached $ 98,000 for the first time since February on Friday and returned from a local layer around $ 75,000 at the beginning of April. It is currently priced at $ 96,330.
Decrypt Tried to contact Brown’s investment office for comment, but was unable to reach a representative before the publication of this article.
Published by Andrew Hayward
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