Emory University Follows Tesla, Block And PayPal With $16M Bitcoin Investment
Emory University has disclosed a $16 million investment in the Grayscale Bitcoin Mini Trust (NYSE:BTC), placing it among the first higher education institutions to dive into Bitcoin (CRYPTO: BTC) holdings.
This move follows a trend set by corporate giants like Tesla, Block Inc. (formerly Square) and PayPal, which have each added Bitcoin to their balance sheets in recent years.
The university’s recent SEC filing shows it has acquired about 2.7 million shares in the Grayscale trust, underscoring growing institutional interest in digital assets.
Like Tesla’s notable $1.5 billion Bitcoin purchase in 2021—partially sold later to stabilize holdings—Emory’s investment signals confidence in the cryptocurrency’s potential as an alternative asset class.
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