Educational Institutions such as Harvard, MIT and Stanford, Invest in Crypto Fund
Major educational institutions such as Harvard University, Stanford University, Massachusetts Institute of Technology, Dartmouth College, and the University of North Carolina have each invested in cryptocurrency funds through their respective endowment funds according to a report from a technology news site The Information.
The publication mentioned an unspecified source familiar with these investments as saying that these university endowments have capitalized tens of millions of dollars in these funds, which was invested in cryptocurrencies and emerging cryptocurrency companies.
Harvard University has invested a portion of its $39.2 billion in cryptocurrency, the world’s largest university endowment fund to date. Similarly, Ivy League giant Yale has also invested in cryptocurrency raising over $400 million for a crypto-fund created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles Noyes.
Also published on Medium.