Stanford Blyth Fund allocates 7% of its portfolio to Bitcoin
Kole Lee, leader of the Stanford University Blockchain Club, announced that after introducing it to the Blyth Fund under the school in February, the Blyth Fund will allocate about 7% of its investment portfolio to Bitcoin. It is reported that Stanford University's donation fund purchased Bitcoin for $45,000, and Kole Lee previously recommended BlackRock's IBIT ETF to the Blyth Fund. The Blyth Fund is currently operated by Stanford University students and was established in 1978 in memory of legendary banker Charles Blyth. It manages the Stanford University donation fund through investments in stocks, bonds, and other assets (including Bitcoin).
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