Stanford investment fund Blyth purchased Bitcoin (BTC) for $45,000 in February after a proposal from a student. The fund allocated about 7% of its portfolio to the purchase of BTC. The Blyth Fund, created in 1978 by an anonymous donor in honor of legendary banker Charles Blyth, manages a six-figure investment from Stanford University. The fund supports education by providing students with the opportunity to invest their funds and donate 25% of investment proceeds to university financial aid.