Stanford University’s Blyth Foundation has invested tens of thousands of dollars in Bitcoin (BTC).
Blyth, the blockchain club of Stanford, one of the world’s largest universities, announced that the fund under its management He devoted 7% to Bitcoin investment. In the statement, it was stated that the Bitcoin purchase was made at the level of 45 thousand dollars.
About the issue on social media in the statement found Stanford Blockchain Club leader Kole Leestated that he made a presentation to the students and introduced BlackRock’s IBIT spot ETF fund, and then everyone was convinced to buy 7%:
Blyth Funds are individually managed funds that are part of an expandable pool of funds and give students discretion in investment decisions. That’s why I thought the ETF was a great opportunity for Blyth to buy Bitcoin.
However, Kole Lee said that Bitcoin With breaking 69 thousand dollars He once again confirmed his belief in Bitcoin, stating that he predicted that much stronger upward waves would come with it.
In memory of legendary banker Charles Blyth 1978 Founded in 1999 and managed by students, the fund accounts for a six-figure portion of Stanford’s main funding pool. share to the promissory notes, to bonds and right now Bitcoin It manages by investing in other assets, including: