Endowments of prominent universities in the US are now purchasing cryptocurrencies. Some of these universities include Harvard, Yale, the University of Michigan, and Brown University.
Of the four universities, Harvard has the largest university endowment with more than $40 billion in assets. Yale has about $30 billion while the University of Michigan holds around $12.5 billion. Also, Brown has about $4.7 billion.
According to a CoinDesk report, endowments have been investing in crypto for a while now. Citing two anonymous sources who are familiar with the matter, the report said that some endowments have started investing in crypto for more than a year. . One of the anonymous stated:
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