American University Discloses Major Bitcoin Investment in Recent SEC Filing
Emory University in Atlanta has revealed a significant investment in cryptocurrency, owning around 2.7 million shares of the Grayscale Bitcoin Mini Trust, valued at $15 million.
This investment, revealed by a recent SEC filing, positions Emory as one of the few academic institutions with substantial exposure to crypto assets.
While some pension funds, like those in Wisconsin and Jersey City, have reported holdings in crypto-related exchange-traded products (ETPs), Emory’s stake in the Grayscale Bitcoin Mini Trust stands out within higher education.
READ MORE: Bitcoin Whales Accumulate Record Holdings, Hinting at Future Price Surge
The trust, which received approval in July, acts as a cost-effective alternative to Grayscale’s primary Bitcoin Trust (GBTC), providing passive exposure to Bitcoin’s price movements at a lower share price.
Additionally, Emory University holds 4,312 shares of Coinbase, valued at $768,269, further diversifying its investment portfolio in the cryptocurrency space.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
