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U.S. University Reveals $15 Million Investment in Grayscale Bitcoin Mini Trust

27.10.2024 18:00 1 min. read Alexander Stefanov
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U.S. University Reveals $15 Million Investment in Grayscale Bitcoin Mini Trust

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.

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,

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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