Brown University Dips Into Bitcoin! Is This The Future or Just Another College Fund Snafu?

by

Hold on to your diplomas, folks! Brown University—yes, that Ivy League beacon of ancient wisdom—is now in the Bitcoin game. That’s right, the same school that teaches Shakespeare is now teaching itself how to make some sweet digital cash. 🎓💰

In a recent filing (submitted to the all-powerful SEC—because who doesn’t love some paperwork, right?), Brown revealed it holds a whopping 105,000 shares of BlackRock’s iShares Bitcoin exchange-traded fund (IBIT). That’s right, they’ve got skin in the crypto game, and it’s worth about $4.915 million. But wait—hold your academic hats—IBIT’s trading at $55.19 a pop right now, so the value’s skyrocketed to $5.79 million! 📈📚

Now, we know what you’re thinking: “Is this a trend, or is Brown just late to the party?” Well, my friend, you’re not alone. It turns out other prestigious institutions are also going gung-ho for the digital gold rush. Emory University (yes, the one in Atlanta where you probably don’t want to be late to class) has 2,678,906 shares of the Grayscale Bitcoin Mini Trust ETF. 💥 And that’s not all, they even decided to toss a few pennies into Coinbase’s stock pool too. But don’t get too comfy—there’s more!

Meanwhile, the shiny new University of Austin (UATX) decided to drop a cool $5 million into a Bitcoin-based endowment fund last year. These kids might be new, but they’re already ahead of the curve…or at least, they’re trying to be. 👀

And just in case you were wondering if they’re taking crypto seriously, UATX’s senior vice president for advancement, Chad Thevenot, made it crystal clear: investing in crypto is like investing in stocks or real estate. You know, just like grandma’s old stash of stocks and bonds, right? 🙄

Oh, and by the way, Bitcoin is currently trading at $96,723—up 2% in the last week. So grab your calculators and get ready for a crypto rollercoaster! 🎢💸

Read More

2025-05-03 23:02