IVY LEAGUE Authority Brown follows in the footsteps of UATX and Emory, now Bitcoin ETF has $ 4,915,000 worth

Brown University is now an investor of Bitcoin (BTC).

The IVY LEAGUE institution has recently owned 105,000 Blackrock Ishares Bitcoin Stock Exchange (IBIT) shares submission submitted to the US Securities and Exchange Committee (Sec).

The shares were valued at $ 4.915 million even though Ibit valuable The amount of $ 55.19 per share is now worth $ 5.79 million.

Brown's investment follows two other remarkable examples of BTC purchasing institutions.

Emory University, Atlanta Private Research Authority, owns 2,678,906 shares of Grayscale Bitcoin Mini Trust per ETF, a submission submitted to SEC last year.

The school also bought 4,312 shares from Crypto Exchange Coinbase shares.

And Austin University (UATX) who registered his first cohort last fall, announced Last year's plans to invest in a $ 5 million long -term endowment fund in Bitcoin.

Chad Theveno, Senior Vice -President of the UATX advancement, says that the university is looking at investing in cryptocurrencies in the same way as investing in other asset classes.

“We think there is a long -term value, just as we might think that in stocks or real estate there is a long -term value.”

Bitcoin trades at $ 96,723 at the time of writing and is more than 2%in the last seven days.

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Opinion: Opinions published in the Daily Hodl are not investment advice. Investors should make their diligence before investing in Bitcoin, cryptocurrency or digital assets. Note that your transfers and transactions are your own responsibility and all the damage that may occur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets or Daily Hodl investment advisor. Note that the Daily Hodl is involved in the marketing company marketing.

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