Bitcoin Partnership: University Of Austin And Unchained Unite For New $5M Endowment Fund
Summary
The University of Austin (UATX) is partnering with Unchained to raise $5 million in Bitcoin for its long-term fund. Notable backers include Larry Summers, Niall Ferguson, and Joe Lonsdale. UATX aims to foster intellectual freedom and has already raised nearly $200 million. Unchained will manage UATX's Bitcoin holdings, recognizing the cryptocurrency's potential long-term value. Bitcoin's current value is approximately $69,970, with a 60% growth this year. This move may prompt other universities to consider Bitcoin as a long-term investment.
