University Pennsylvania Bitcoin Donation – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The University of Pennsylvania has received an anonymous bitcoin donation worth $5 million to its business school. 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.

In an interview, John Zeller, senior vice president for development and alumni relations at Penn stated, “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.'” This comes after years of discussion among nonprofits about whether they should accept Bitcoin.

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