The University Of Pennsylvania Continues to Hold Donated Bitcoin

The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin.

As reported by the New York Times, John Zeller, senior vice president for development and alumni relations at the university stated that this decision was partly informed by the wishes of the anonymous donor. 

“The donor’s goal was to make a gift of that magnitude, a promotable gift, to say, ‘If you’re interested, we’re in the crypto world, and we can accept it.'” 

The bitcoin gift was announced by the university with the amount of publicity usually reserved for larger donations of fiat investments such as stocks, bonds, and real estate, but without following all of the usual process. 

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