The University of Austin (UATX) and Unchained, a prominent Bitcoin financial services firm, have joined forces to create a unique long-term Bitcoin endowment fund.

This initiative aims to raise $5 million, all of which will be invested in bitcoin (BTC) and held for a minimum of five years. The collaboration is set to pave the way for other academic institutions to explore innovative financial strategies involving digital assets.

Announced on May 31, the partnership between Unchained and UATX marks the establishment of the first long-term endowment fund held entirely in bitcoin.

The initiative is designed not only to integrate bitcoin into the university’s financial…

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