U.S. University Reveals $15 Million Investment in Grayscale Bitcoin Mini Trust
27.10.2024 18:00 1 min. read Alexander Stefanov
Emory University, located in Atlanta, has disclosed a significant investment in cryptocurrency, holding approximately 2.7 million shares of the Grayscale Bitcoin Mini Trust, valued at about $15.1 million, according to an SEC filing dated October 25.
This positions Emory as one of the few educational institutions to invest in such crypto assets, joining a trend observed among some pension funds in Wisconsin and Jersey City that have also ventured into crypto-based exchange-traded products (ETFs).
The Grayscale Bitcoin Mini Trust, launched in July, is designed to provide passive exposure to Bitcoin prices and is a spin-off of the Grayscale Bitcoin Trust (GBTC).
By offering a lower share price, it allows investors to gain more accurate exposure to Bitcoin’s price movements.
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Additionally, Emory reported holding 4,312 shares of Coinbase, valued at $768,269, with Coinbase serving as the custodian for Grayscale’s Bitcoin assets. The data reflects Emory’s investment portfolio as of September 30,
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