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University of Austin Launches $5M Bitcoin Fund for $200M Endowment
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First U.S. University to Launch Bitcoin Fund
Chad Thevenot, senior vice president of development at the university, confirmed that the Bitcoin allocation will be a long-term investment, with the crypto assets expected to be held for at least five years. This move signals growing institutional confidence in Bitcoin as a viable asset class, particularly in higher education.
The university's decision aligns with the broader trend of institutional adoption of Bitcoin as more organizations explore Bitcoin funds as a hedge against inflation and a diversification tool. The move is expected to attract philanthropic contributions from crypto investors, further strengthening the school’s financial foundation.
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