The University of Austin is making big news in the world of cryptocurrency! They're starting a special fund to invest in Bitcoin. This is a first for a US university. It's like a piggy bank for the school, but instead of just dollars, they'll use Bitcoin, a type of digital money.
- Bitcoin is a digital currency, like online money.
- The University is investing $5 million in Bitcoin.
- They plan to keep the Bitcoin for at least 5 years.
- Other universities have also invested in Bitcoin, showing growing interest in digital money.
| Fact | Number |
|---|---|
| Amount invested by University of Austin | $5 million |
| Total University endowment | $200 million |
| Minimum holding period | 5 years |
