Kole Lee, the leader of Stanford’s Blockchain Club pitched the student-run fund to invest in BlackRock's spot Bitcoin ETF as early as February.
An investment fund that manages a portion of Stanford University’s endowment has as much as 7% of its portfolio dedicated to Bitcoin (BTC) investments.
On March 5, Computer Science Major and leader at the Stanford Blockchain Club, Kole Lee, announced that the University’s student-run Blyth Fund allocated around 7% of the portfolio to Bitcoin following his pitch to the fund in February.
“Stanford Endowment has bought Bitcoin at $45,000,” he said before adding that he pitched BlackRock’s IBIT ETF to the Blyth Fund.
