Emory University, a private research institution based in Atlanta, disclosed that it owns approximately 2.7 million Grayscale Bitcoin Mini Trust shares worth approximately $15.1 million, according to a filing with the U.S. Securities and Exchange Commission (SEC).
This means they bought the same value of BTC.
This investment marks Emory as one of the few academic institutions to report significant exposure to cryptocurrency assets. While several pension funds, including those in Wisconsin and Jersey City, have previously disclosed holdings in crypto-based exchange-traded products (ETPs), Emory’s stake in the Grayscale Bitcoin Mini Trust is notable in higher education circles.
Approved in July, the Grayscale Bitcoin Mini Trust serves as a lower-cost derivative of Grayscale’s main Bitcoin Trust (GBTC). As a byproduct, it aims to offer investors passive exposure to Bitcoin’s price movement at a lower share price and a more certain way to gain exposure to Bitcoin.
In addition to its holdings in the Grayscale Bitcoin Mini Trust, Emory University also reported owning 4,312 shares of crypto exchange Coinbase valued at $768,269.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/abdde-resmi-bir-kurum-bitcoin-satin-aldigini-acikladi/
