Key Takeaways
- Emory University holds $15.1 million in Grayscale Bitcoin Mini Trust shares.
- Emory also reported $768,269 worth of Coinbase shares.
- The Grayscale Bitcoin Mini Trust provides passive exposure to Bitcoin’s price.
Emory University, based in Atlanta, has disclosed holding nearly 2.7 million shares of Grayscale Bitcoin Mini Trust, valued at approximately $15.1 million as of September 30, according to an October 25 filing with the SEC.
This investment marks the university as one of the few higher education institutions with reported exposure to Bitcoin through such financial products.
Mini Trust
The Grayscale Bitcoin Mini Trust, an offshoot of the Grayscale Bitcoin Trust (GBTC), offers passive exposure to Bitcoin at a lower share price.
It was approved in July 2024 and allows investors to closely track Bitcoin price movements.
Coinbase
Additionally, Emory reported holding 4,312 shares in the crypto exchange Coinbase, valued at $768,269.
Coinbase’s shares were priced at $205.70 on September 30.
Notably, Coinbase serves as the custodian for Grayscale’s Bitcoin holdings.
Institutional investors
This move places Emory University alongside a few institutional investors, including pension funds in Wisconsin and Jersey City, that have embraced Bitcoin-related investments.
Emory’s filing did not include any comments, and university representatives have yet to respond to requests for comment.
