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Big-Name University Endowments Have Bought Bitcoin At Least One Year Ago: Coindesk
Summary: According to Coindesk, sources said that in the past year or so, some big-name university endowments, including Harvard, Yale, Brown, University of Michigan, have bought Bitcoin through accounts held by Coinbase and other exchanges. Harvard is the largest university endowment with more than $40 billion in assets, followed by Yale's $30 billion and Michigan's $12.5 ...
According to Coindesk, sources said that in the past year or so, some big-name university endowments, including Harvard, Yale, Brown, University of Michigan, have bought Bitcoin through accounts held by Coinbase and other exchanges.
Harvard is the largest university endowment with more than $40 billion in assets, followed by Yale's $30 billion and Michigan's $12.5 billion.
A source said that some university endowments may have opened accounts with Coinbase for up to 18 months, and revealed: "It could be since mid-2019. Most have been in at least a year. I would think they will probably discuss it publicly at some point this year. I suspect they would be sitting on some pretty nice chunks of return."
By Mary Liu
Tags: Bitcoin,Coinbase,Harvard University,Yale University
Link: Big-Name University Endowments Have Bought Bitcoin At Least One Year Ago: Coindesk [Copy]
