Austin University Goes Crypto: $5M Bitcoin Fund Locked in for 5 Years - Crypto Head
Chun Lai, the university’s chief investment officer, emphasized that they do not want to be left behind as cryptocurrency’s potential materializes.
The initiative follows a recent disclosure by Emory University, which became the first U.S. university endowment to publicly report a $15 million Bitcoin ETF investment through Grayscale.
Institutional interest in Bitcoin ETFs is growing, potentially bringing substantial capital into the crypto market.
The University of Austin’s five-year holding strategy reflects a belief in Bitcoin’s long-term value.
Chad Thevenot, senior vice president for advancement, compared the approach to traditional investments in stocks and real estate, indicating the university’s confidence in Bitcoin as a legitimate asset class.
With educational institutions increasingly exploring cryptocurrency investments, the University of Austin’s decision highlights the rising acceptance of Bitcoin in mainstream finance and its growing role in endowment portfolios.
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