Coindesk: world's largest universities invest in bitcoin

Harvard, Yale, Michigan and Brown universities invested in the first cryptocurrency throughthe American crypto exchange Coinbase and other trading platforms, sources of the publication said.

Many university foundations place theirassets in cryptocurrency, writes Coindesk, citing sources. They claim that Harvard, Yale, Brown and Michigan universities have invested in bitcoin through the crypto exchange Coinbase and other sites.

publication reported that some of the funds couldopen accounts on the exchange 18 months ago. Coindesk writes that most universities have owned cryptocurrency for at least a year, and in 2021 they could report their income from working with it for the first time.

University funds are formed fromdonations, they are used to fund educational and research activities and can place funds in various assets for investment purposes. Harvard University has the largest fund, the size of which exceeds $ 40 billion.Yale University fund is estimated at more than $ 30 billion, Michigan - $ 12.5 billion, Brownian - $ 4.7 billion.

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