America is getting their first Bitcoin fund at an academic institution. But, is it just the start?

‍What’s happening:‍

• The University of Austin has officially announced they will create a new fund for the sole purpose of investing in Bitcoin
  

By the numbers:‍

• The University of Austin will initially commit $5M USD to purchasing Bitcoin through a newly created Bitcoin fund, which they have publicly stated they will hold for 5 years at a minimum
  
• Currently, the University of Austin has $200M USD in assets in their endowment
  

Why it matters:‍

• This is the first time ever in American history that a university has started a new fund for the sole purpose of investing into Bitcoin
  

Going deeper:‍

• Bitcoin custodial company Unchained will partner with the University of Austin to collaborate on structuring the new fund and securely storing the Bitcoin that is purchased
  

The intrigue:‍

• Emory University previously became the first academic institution in America to allocate to Bitcoin when they purchased ownership in Grayscale’s Mini Bitcoin Trust

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