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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.…
