The Georgia-based university is betting on bitcoin, alongside a strategy that also includes gold and Coinbase shares.
Private Emory University, located in Georgia, has expanded its exposure to bitcoin. According to the 13F filing submitted to the SEC on November 13, the university held over 1 million shares of the Grayscale Bitcoin Mini Trust as of September 30, representing a value of approximately $52 million at that date. This marks a substantial increase compared to just under 500,000 shares held at the end of the second quarter.
The university’s journey with Bitcoin began in October 2024, when it first disclosed a stake in the Grayscale trust, valued at just over $15 million at the time.
Meanwhile, its exposure to BlackRock’s spot Bitcoin ETF (IBIT) remained unchanged during the third quarter, maintaining a value of around $290,000.
The endowment fund also made a new investment in the BlackRock iShares Gold Trust (IAU), holding nearly $79 million by the end of the third quarter. Additionally, the fund increased its stake in the exchange Coinbase (COIN), now holding almost 4,500 shares valued at around $1.2 million, slightly up from 4,312 shares the previous year.
Endowment funds are long-term investment vehicles created to support nonprofit organizations such as universities, hospitals, or religious institutions.
