University of Austin and Bitcoin Firm Unchained Launch $5 Million Endowment Fund in BTC

Unchained, a Bitcoin financial services firm, and the University of Austin (UATX) have partnered to establish a long-term endowment fund exclusively invested in Bitcoin (BTC) over the next five years. The goal is to raise $5 million, with Unchained CEO Joseph Kelly contributing 2 BTC as an initial donation. This fund aims to promote Bitcoin's integration into higher education and explore new financial strategies. UATX intends to set an example for other academic institutions to consider alternative financial models through this initiative.