The pursuit of Bitcoin ownership is now coming to universities in the United States of America.
What’s happening:
- Emory University has been revealed to own exposure to Grayscale’s Mini Bitcoin Trust (NYSE: BTC) according to recent filings with the United States Securities and Exchange Commission
Why it matters:
- This is the first time a university in the United States of America has ever owned exposure to Bitcoin through the traditional public markets
By the numbers:
- Emory University’s position in Grayscale’s Mini Bitcoin Trust is worth approximately $15M USD
- Emory University also owns a smaller position in crypto exchange Coinbase (NASDAQ: COIN) worth just under $800K USD
Going deeper:
- Institutional capital allocators such as hedge funds, asset management companies and even pension funds have been piling into spot Bitcoin ETFs ever since they first launched on major stock exchanges in the United States
- The overlap between the traditional public markets and Bitcoin has only continued to accelerate, with the recent approval of options trading for spot Bitcoin ETFs on the New York Stock Exchange and the Cboe Exchange
The intrigue:
- American universities have also recently started embracing another technological revolution in quantum computing, with Montana State University becoming the first university in the United States to purchase quantum computers
