JUST IN: 🇺🇸 Stanford University's Blyth Fund has bought #Bitcoin with a ~7% allocation of the total portfolio.
https://twitter.com/kolelee_/status/1764745867435921745 Stanford Endowment has bought Bitcoin at 45k.
In February, pitched IBIT to Blyth Fund, the student-run fund which manages a portion of Stanford's Endowment.
Bitcoin is now ~7% of the portfolio.
Here's the pitch that convinced them to buy:
Ok, this is bullish since normies still have this enormous respect for Stanford (whether deserved or not)
Stack sats, stay humble