Stanford University's Blyth Fund, a student-run fund managing a portion of Stanford's endowment, has allocated approximately 7% of its portfolio to Bitcoin, purchasing the cryptocurrency at $45,000. The decision to invest in Bitcoin was influenced by a pitch from students in February when the cryptocurrency was valued at $45,000. This strategic move by the Blyth Fund reflects a growing interest in cryptocurrency investments among institutional investors.
UPDATE: THE VIRGINIA SENATE IN THE US APPROVED A LANDMARK BILL SETTING UP A #CRYPTO ECOSYSTEM WORKGROUP DEDICATED TO STUDYING AND PROMOTING THE INDUSTRY
UPDATE: STANFORD'S BLYTH FOUNDATION ALLOCATED 7% OF ITS PORTFOLIO TO #BITCOIN, BUYING THE CRYPTOCURRENCY FOR $45,000 LAST FEBRUARY
Stanford University’s Blyth Foundation allocates about 7% of its portfolio to Bitcoin, purchasing Bitcoin for $45,000 in February. The Blyth Fund, currently run by Stanford students, manages the Stanford endowment by investing in stocks, bonds and other assets.…
Finally some clarity on crypto legislation from the US government https://t.co/iVap1BRtoS
Finally some clarity! https://t.co/YpaAYQpeG9
JUST IN: 🇺🇸Stanford University's Blyth Fund has bought #Bitcoin at 45k with a ~7% allocation. https://t.co/u4zrGUqAwL
NEW: Students pitched IBIT to Stanford’s Blyth Fund, a student-run fund which manages a portion of Stanford's Endowment, in February when #Bitcoin was $45K 👀 #Bitcoin is now ~7% of the portfolio 🙌 https://t.co/VoAn0ATTTR
JUST IN: 🇺🇸 Stanford University's Blyth Fund has bought #Bitcoin with a ~7% allocation of the total portfolio. https://t.co/oQtrh2eyts