👨‍🎓 Bitcoin and universities: the University of Austin launches a strategic $5 million fund

The University of Austin has launched a $5 million Bitcoin fund within its $200 million endowment fund. The goal is to generate long-term returns to ensure the institution’s sustainability.

Endowment funds are invested to support the university in the long term, with a portion of the returns used annually while the principal capital remains intact.

Chun Lai, Chief Investment Officer, emphasized that the university doesn’t want to fall behind on the potential of digital assets, applying a five-year investment strategy.

Atlas21 article. ⬇️

https://atlas21.com/austin-university-bets-on-bitcoin-5-million-fund-with-long-term-strategy/