Brown University Invests $4.9 Million in Bitcoin, Joining the Ranks of Educational Institutions

Brown University has taken a bold step by investing $4.9 million in Bitcoin via BlackRock’s iShares Bitcoin Trust (IBIT) fund, becoming the third educational institution in the U.S. to make direct investments in this digital asset. The university’s decision, revealed through SEC filings, signifies an emerging trend of institutions exploring alternatives to traditional gold investments and embracing Bitcoin as a potential “digital gold.”