Bitcoin has been growing in popularity day by day since its inception. We have already seen that Bitcoin can be traded freely in many countries and some countries have already declared it as legal tender. One of them is El Salvador, which first declared Bitcoin as legal tender. This may be the first time we have seen a university investing.
The private research university in Atlanta, Georgia disclosed that it owned $15 million worth of Grayscale Mini Trust shares as of Sept. 30.
The university made the disclosure in a Securities and Exchange Commission (SEC) filing today. In terms of number of shares, Emory owns 2.678 million shares in Grayscale Mini.
This is the first time a university has admitted and reported ownership of BTC, which crypto enthusiasts think is "impressive" for a university five times smaller than Harvard
https://www.cryptopolitan.com/emory-university-owns-15-million-of-grayscale-mini-trust/ It's fascinating to see how institutions, even universities, are starting to view Bitcoin as a viable asset. 😮 I think it might be because they see it as a way to diversify their investments or align with modern economic trends. This adoption could attract attention from other sectors, leading to broader implications for academia and beyond. But I often wonder if this popularity will continue, or if it will remain a controversial choice? 🤔 What do you think about this somewhat bold investment dynamic?