Emory Becomes First University To Invest In Bitcoin

[PremiumcryptoHub]

Bitcoin has been growing in popularity day by day since its inception. We have already seen that Bitcoin can be traded freely in many countries and some countries have already declared it as legal tender. One of them is El Salvador, which first declared Bitcoin as legal tender. This may be the first time we have seen a university investing.

The private research university in Atlanta, Georgia disclosed that it owned $15 million worth of Grayscale Mini Trust shares as of Sept. 30.

The university made the disclosure in a Securities and Exchange Commission (SEC) filing today. In terms of number of shares, Emory owns 2.678 million shares in Grayscale Mini.
This is the first time a university has admitted and reported ownership of BTC, which crypto enthusiasts think is "impressive" for a university five times smaller than Harvard

https://www.cryptopolitan.com/emory-university-owns-15-million-of-grayscale-mini-trust/

[Ambatman]

Point of correction they don't own any Bitcoin
Just some shares in Grayscale.
Owning or buying an ETF doesn't mean a person own a Bitcoin.
https://www.coinjar.com/uk/learn/buy-bitcoin-vs-buy-bitcoin-etf

For more info on what I mean you can check the above.

[Distinctin]

Point of correction they don't own any Bitcoin
Just some shares in Grayscale.
Owning or buying an ETF doesn't mean a person own a Bitcoin.
https://www.coinjar.com/uk/learn/buy-bitcoin-vs-buy-bitcoin-etf

For more info on what I mean you can check the above.

it's pretty clear than they "owned $15 million worth of Grayscale Mini Trust shares"... your correction is wrong..

[SickDayIn]

Point of correction they don't own any Bitcoin
Just some shares in Grayscale.
Owning or buying an ETF doesn't mean a person own a Bitcoin.
https://www.coinjar.com/uk/learn/buy-bitcoin-vs-buy-bitcoin-etf

For more info on what I mean you can check the above.

This is a very important point. Too much news is coming out of companies "investing" in Bitcoin, not acquiring and owning.

[Frankolala]

Point of correction they don't own any Bitcoin
Just some shares in Grayscale.
Owning or buying an ETF doesn't mean a person own a Bitcoin.
https://www.coinjar.com/uk/learn/buy-bitcoin-vs-buy-bitcoin-etf

For more info on what I mean you can check the above.

Having a share in Grayscale mini trust shows that the university has bitcoin, or what does Grayscale deal on. Or are you trying to say that Grayscale doesn't have any bitcoin too and claim to have. There are some people that cannot be in possession of their bitcoin and they prefer to keep it in the custody of third-party to avoid the stress of being their own bank. ETFs made so many adamant people to adopt bitcoin and such people will always entrust their bitcoin to ETF. If you buy bitcoin from ETF, you pay in fiat and if you want to sell your bitcoin, they pay you in fiat does not mean you don't own bitcoin. You only don't have control over your bitcoin without them.

[Japinat]

Having a share in Grayscale mini trust shows that the university has bitcoin, or what does Grayscale deal on. Or are you trying to say that Grayscale doesn't have any bitcoin too and claim to have. There are some people that cannot be in possession of their bitcoin and they prefer to keep it in the custody of third-party to avoid the stress of being their own bank. ETFs made so many adamant people to adopt bitcoin and such people will always entrust their bitcoin to ETF. If you buy bitcoin from ETF, you pay in fiat and if you want to sell your bitcoin, they pay you in fiat does not mean you don't own bitcoin. You only don't have control over your bitcoin without them.

No, owning a share in Grayscale’s mini trust doesn’t mean you actually own Bitcoin. You’re just investing in Bitcoin’s value. If you really own it, you’d have the key or at least the ability to withdraw it.

Here’s how it works with Grayscale: you send them fiat, they buy Bitcoin, and when you want to sell, they give you fiat back. So where’s the Bitcoin in that? As long as you don’t actually have it or hold ownership of it, you don’t own any Bitcoin.

[Free Market Capitalist]

No, owning a share in Grayscale’s mini trust doesn’t mean you actually own Bitcoin. You’re just investing in Bitcoin’s value. If you really own it, you’d have the key or at least the ability to withdraw it.

Here’s how it works with Grayscale: you send them fiat, they buy Bitcoin, and when you want to sell, they give you fiat back. So where’s the Bitcoin in that? As long as you don’t actually have it or hold ownership of it, you don’t own any Bitcoin.

Yeah, the title as written by the OP is incorrect. Although if we want to look on the bright side there is more and more exposure of institutions to bitcoin through these derivative products, which in turn increase the demand for real bitcoin. For an institution for many reasons it is better to buy Grayscale's, MicroStrategy shares, or ETFs than to buy bitcoin directly.

[bitLeap]

Having a share in Grayscale mini trust shows that the university has bitcoin, or what does Grayscale deal on. Or are you trying to say that Grayscale doesn't have any bitcoin too and claim to have. There are some people that cannot be in possession of their bitcoin and they prefer to keep it in the custody of third-party to avoid the stress of being their own bank. ETFs made so many adamant people to adopt bitcoin and such people will always entrust their bitcoin to ETF. If you buy bitcoin from ETF, you pay in fiat and if you want to sell your bitcoin, they pay you in fiat does not mean you don't own bitcoin. You only don't have control over your bitcoin without them.

No, owning a share in Grayscale’s mini trust doesn’t mean you actually own Bitcoin. You’re just investing in Bitcoin’s value. If you really own it, you’d have the key or at least the ability to withdraw it.

Here’s how it works with Grayscale: you send them fiat, they buy Bitcoin, and when you want to sell, they give you fiat back. So where’s the Bitcoin in that? As long as you don’t actually have it or hold ownership of it, you don’t own any Bitcoin.

Okay, both of your perspectives still make sense with different methods of buying and storing. Is there anything wrong with that? Of course not, although the ideal of owning bitcoin is when you withdraw it to a wallet and have full control with your own keys, whereas going through a third party means 50:50 you still have strong rights to claim ownership. There is no debate as long as the third party is bound by the rules and every time you withdraw bitcoin from Grayscale and it works then everything is considered legal.

[Ambatman]

Point of correction they don't own any Bitcoin
Just some shares in Grayscale.
Owning or buying an ETF doesn't mean a person own a Bitcoin.
https://www.coinjar.com/uk/learn/buy-bitcoin-vs-buy-bitcoin-etf

For more info on what I mean you can check the above.

Having a share in Grayscale mini trust shows that the university has bitcoin, or what does Grayscale deal on. Or are you trying to say that Grayscale doesn't have any bitcoin too and claim to have. There are some people that cannot be in possession of their bitcoin and they prefer to keep it in the custody of third-party to avoid the stress of being their own bank. ETFs made so many adamant people to adopt bitcoin and such people will always entrust their bitcoin to ETF.

Not your key
Not your coin.
And yes they buy Grayscale shares while Grayscale buys Bitcoin so it's different.

If you buy bitcoin from ETF, you pay in fiat and if you want to sell your bitcoin, they pay you in fiat does not mean you don't own bitcoin. You only don't have control over your bitcoin without them.

They don't buy from ETF
ETF uses their investments to give an equivalent of their investment
Which is kept in a custodial wallet (Coinbase).
If you buy a share in Tesla doesn't even mean you buying a Tesla product not to mention an ETF.

[retreat]

I thought they actually bought Bitcoin and held it in their wallet, but after reading the quoted sentence they only own shares of an ETF issued by Grayscale. That's not Bitcoin at all - it's just an ETF product - so more accurately they are just a University that invests in ETFs. You should be able to distinguish between ETFs and Bitcoin, even though ETFs represent Bitcoin, they are not Bitcoin. Never confuse ETFs with Bitcoin.

[Japinat]

No, owning a share in Grayscale’s mini trust doesn’t mean you actually own Bitcoin. You’re just investing in Bitcoin’s value. If you really own it, you’d have the key or at least the ability to withdraw it.

Here’s how it works with Grayscale: you send them fiat, they buy Bitcoin, and when you want to sell, they give you fiat back. So where’s the Bitcoin in that? As long as you don’t actually have it or hold ownership of it, you don’t own any Bitcoin.

Yeah, the title as written by the OP is incorrect.

Was lacking a bit but understandable if you read the whole article.

Although if we want to look on the bright side there is more and more exposure of institutions to bitcoin through these derivative products, which in turn increase the demand for real bitcoin. For an institution for many reasons it is better to buy Grayscale's, MicroStrategy shares, or ETFs than to buy bitcoin directly.

All these ETFs, including buying and holding Bitcoin, boil down to one thing: trust in Bitcoin. This university investing in Grayscale’s mini trust clearly shows they understand Bitcoin and believe in its future. Whether their plan is short-term or long-term, it’s positive news being the first to invest in Bitcoin.

Holding Bitcoin is a different story, though. But I think it really depends on how we understand it. We shouldn’t get caught up in technicalities; instead, let’s appreciate that they’re investing, which means adoption is already happening.

[Marvell1]

I thought they actually bought Bitcoin and held it in their wallet, but after reading the quoted sentence they only own shares of an ETF issued by Grayscale. That's not Bitcoin at all - it's just an ETF product - so more accurately they are just a University that invests in ETFs. You should be able to distinguish between ETFs and Bitcoin, even though ETFs represent Bitcoin, they are not Bitcoin. Never confuse ETFs with Bitcoin.

When we invest in bitcoin through Grayscale or another ETF like Blackrock, it means we are investing in bitcoin and we are bitcoin investors but we do not have full control over our bitcoin. So in this case Emory is an investor in bitcoin and they are the first school to invest in bitcoin.


We don't need to be too strict when we say that only people who own bitcoin and have full control over it by storing it in a non-custodial wallet are bitcoin investors, and people who invest in bitcoin through ETFs or store bitcoin using third-party services are not investors. They are all bitcoin investors and all own bitcoins, but the difference is whether they have full control/not full control over their bitcoins.

[Doan9269]

Bitcoin has been growing in popularity day by day since its inception. We have already seen that Bitcoin can be traded freely in many countries and some countries have already declared it as legal tender. One of them is El Salvador, which first declared Bitcoin as legal tender. This may be the first time we have seen a university investing.

The private research university in Atlanta, Georgia disclosed that it owned $15 million worth of Grayscale Mini Trust shares as of Sept. 30.

The university made the disclosure in a Securities and Exchange Commission (SEC) filing today. In terms of number of shares, Emory owns 2.678 million shares in Grayscale Mini.
This is the first time a university has admitted and reported ownership of BTC, which crypto enthusiasts think is "impressive" for a university five times smaller than Harvard

https://www.cryptopolitan.com/emory-university-owns-15-million-of-grayscale-mini-trust/

This is so interesting to hear about, that an academic institution of learning is investing in bitcoin, i don't know maybe it was the fact that its being a private university that helped it get to this or because of being a research institution, but whichever way be the reason for them to have made it a decision over bitcoin investment, this shows they have a very big future ahead and this decision will help them along the way to make their goals come to be.

[passwordnow]

They indirectly investing in Bitcoin if someone wants to push this as an article related to Bitcoin. I think OP just want to do a clickbait since it's a catchy headline and we always want to see whoever invests in Bitcoin. Whether they're big, small, a government, a bank, etc. and now, with this headline as a university. But, it's disappointing that it's certainly that they aren't really invested in Bitcoin. Anyway, they're a university and they'll choose to invest to something they know more or has an idea of what they're getting in. That's a lot of shares though.

[DaNNy001]

Bitcoin has been growing in popularity day by day since its inception. We have already seen that Bitcoin can be traded freely in many countries and some countries have already declared it as legal tender. One of them is El Salvador, which first declared Bitcoin as legal tender. This may be the first time we have seen a university investing.

The private research university in Atlanta, Georgia disclosed that it owned $15 million worth of Grayscale Mini Trust shares as of Sept. 30.

The university made the disclosure in a Securities and Exchange Commission (SEC) filing today. In terms of number of shares, Emory owns 2.678 million shares in Grayscale Mini.
This is the first time a university has admitted and reported ownership of BTC, which crypto enthusiasts think is "impressive" for a university five times smaller than Harvard

https://www.cryptopolitan.com/emory-university-owns-15-million-of-grayscale-mini-trust/

This is so interesting to hear about, that an academic institution of learning is investing in bitcoin, i don't know maybe it was the fact that its being a private university that helped it get to this or because of being a research institution, but whichever way be the reason for them to have made it a decision over bitcoin investment, this shows they have a very big future ahead and this decision will help them along the way to make their goals come to be.

I also think it's a great step but stuffs like this don't tend to move me anymore because all these were bound to happen as time goes because Bitcoin has always found a way to silence it critics. I mean if a whole country can actually divert their finances and put on Bitcoin then definitely other organizations too can do it . And please don't forget the number one rule as an investor especially with Bitcoin as it is clear that if the Bitcoin isn't held by your own key then it definitely not yours.

[joniboini]

We don't need to be too strict when we say that only people who own bitcoin and have full control over it by storing it in a non-custodial wallet are bitcoin investors, and people who invest in bitcoin through ETFs or store bitcoin using third-party services are not investors. They are all bitcoin investors and all own bitcoins, but the difference is whether they have full control/not full control over their bitcoins.

I'm not comfortable saying that since it can mislead people to believe they own Bitcoin somehow. I think this is similar to how people invest in gold ETF, nearly all of them don't assume that they can cash that out and bring their gold back home because they don't really buy one. At the very least that's my experience with traditional finance in my area. Not to mention buying Bitcoin is way easier compared to buying stock or gold, etc. I don't know, if somebody likes Bitcoin and understands the principle behind it I don't think not fully owning them is a good idea. Just 2 my cents.

[hd49728]

This may be the first time we have seen a university investing.

The private research university in Atlanta, Georgia disclosed that it owned $15 million worth of Grayscale Mini Trust shares as of Sept. 30.

The university made the disclosure in a Securities and Exchange Commission (SEC) filing today. In terms of number of shares, Emory owns 2.678 million shares in Grayscale Mini.
This is the first time a university has admitted and reported ownership of BTC, which crypto enthusiasts think is "impressive" for a university five times smaller than Harvard

https://www.cryptopolitan.com/emory-university-owns-15-million-of-grayscale-mini-trust/

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[Marvell1]

We don't need to be too strict when we say that only people who own bitcoin and have full control over it by storing it in a non-custodial wallet are bitcoin investors, and people who invest in bitcoin through ETFs or store bitcoin using third-party services are not investors. They are all bitcoin investors and all own bitcoins, but the difference is whether they have full control/not full control over their bitcoins.

I'm not comfortable saying that since it can mislead people to believe they own Bitcoin somehow. I think this is similar to how people invest in gold ETF, nearly all of them don't assume that they can cash that out and bring their gold back home because they don't really buy one. At the very least that's my experience with traditional finance in my area. Not to mention buying Bitcoin is way easier compared to buying stock or gold, etc. I don't know, if somebody likes Bitcoin and understands the principle behind it I don't think not fully owning them is a good idea. Just 2 my cents.

I get what you mean but if we take that harsh stance and discourage loved ones from investing in bitcoin or advise people not to invest in bitcoin if they don't store bitcoin themselves. Do you think more people will invest in bitcoin and will bitcoin become as popular as it is today? I bet if there were no bitcoin ETFs, we wouldn't have as many people interested and invested in bitcoin as we do today.

As you can see, the amount of money flowing into the market through ETFs is huge, and even the amount of bitcoins bought by ETFs exceeds the amount of BTC mined every day. That shows that the demand for bitcoin is huge but most people do not want to invest in it directly but want to invest through ETFs because it makes them feel safer in their mind.
We can't expect everyone to be like us and confident enough to store their own bitcoins. By the way, I don't think buying bitcoin and storing bitcoin will be easier than gold or stocks, this is the bias of bitcoin investors.
Put yourself in the shoes of people who have never invested in bitcoin and don't even have basic knowledge of technology, they even have difficulty using the internet, you will see their answer is completely opposite to yours. And unfortunately, such people still make up the majority of the world's population.

[DaveF]

Actually a couple of larger tech institutions are holding or did hold BTC from their own mining and testing from years ago.
Don't know if any of them still hold any but over a decade ago but back then Caltach / Berkeley / MIT and a few others all had some.

Has not been mentioned / discussed a lot but they did used to hold back in the early days.

-Dave

[Mia Chloe]

Actually a couple of larger tech institutions are holding or did hold BTC from their own mining and testing from years ago.
Don't know if any of them still hold any but over a decade ago but back then Caltach / Berkeley / MIT and a few others all had some.
Has not been mentioned / discussed a lot but they did used to hold back in the early days.
-Dave

Sometimes, if you try to think about how the whole Decentralisation protocol of bitcoin is something that's against what the government wants, it can seem to be a little messy. And that's because if the government literally hates bitcoin why do they seem to hodl it secretly. Seeing this made me think of how the US government literally gave bitcoin a pull back during the period of the HBO drama by Making news of them attempting to move some coins.

Firms like these and universities actually have the opportunity to invest in bitcoin mainly if the government wants them to. The idea is bitcoin is the biggest and top crypto currency in the whole ecosystem. It's no big news that the world is gradually taking a digital turn already meaning bitcoin will become more important as time goes by.