Bitcoin firm, Texas university partner for $5M endowment fund

Bitcoin financial services firm and UATX plan to raise $5 million to invest in BTC for the next five years.

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Bitcoin financial services firm Unchained and the University of Austin have partnered to launch a long-term endowment fund holding Bitcoin (BTC).

On May 31, Austin, Texas-based crypto services and custody company Unchained unveiled a new partnership with the University of Austin (UATX).

The pair are launching the first long-term endowment fund held in Bitcoin with a goal of raising $5 million, which will remain invested in BTC for at least five years.

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