Stanford University Fund Buys Bitcoin 🥳
The Stanford University Blyth Fund, an investment fund that manages a portion of the university's endowment, has allocated about 7% of its portfolio to Bitcoin.
The average purchase price was $45,000.
The Blyth Fund was established in 1978 and is managed by students at the university.
Here is a more natural-sounding translation:
**I'm excited to share that the Stanford University Blyth Fund, which I help manage, has allocated 7% of its portfolio to Bitcoin. We believe that Bitcoin has the potential to be a valuable asset class, and we are excited to be a part of its growing ecosystem.**
The Blyth Fund is a student-run investment fund that was established in 1978. We are proud to be one of the first university funds to invest in Bitcoin, and we believe that this is a wise investment for our long-term portfolio.
We are grateful for the support of the Stanford community, and we look forward to continuing to learn and grow in the world of Bitcoin.
