Brown University Discloses $5M in BlackRock’s IBIT: Bitcoin Price Recovers

By: coinpedia|2025/05/02 21:15:01
0
Share
copy
The post Brown University Discloses $5M in BlackRock’s IBIT: Bitcoin Price Recovers appeared first on Coinpedia Fintech NewsOn-chain data shows long-term holders have continued to aggressively accumulate more Bitcoins in the recent past.A parabolic rally for BTC price is imminent in the coming months fueled by rising global liquidity and institutional adoption.As Gold (XAU) price signals a potential market reversal after an impressive rally since the first quarter of 2024, capital rotation to Bitcoin (BTC) has accelerated. According to market data from Glassnode, Long Term Holders added more than 254k BTCs in the past three months to currently hold about 14.3 million coins.Brown University Holds BitcoinBrown University, a veteran University founded in 1764, disclosed a $4,915,050 holding of BlackRock’s iShares Bitcoin Trust ETF in the form 13F to the U.S. SEC. The IBIT fund has grown significantly in the last year to currently hold about 607,685.5 Bitcoins, which is worth over $58 billion.Following the announcement, Brown University became the third U.S.-based University to publicly announce a Bitcoin holding. Furthermore, Emory and the University of Austin (UATX) previously announced a significant Bitcoin purchase. Brown University Joins Emory & University of Austin (UATX) as Third US University to Announce Bitcoin Purchase. https://t.co/avfGbEWMrk— matthew sigel, recovering CFA (@matthew_sigel) May 2, 2025Brown University has a rich balance sheet of more than $7 billion in endowments, which could be converted to Bitcoin in the near future. Moreover, Bitcoin has proved to be a reliable store of value and the United States is about to implement its Strategic Bitcoin Reserve.Impact on BTC Price ActionThe rising adoption of Bitcoin by institutional investors amid rising global liquidity has helped increase its bullish sentiment. The flagship coin is about to record its fourth consecutive bullish weekly close, after a bearish first quarter fueled by trade war fears.From a technical analysis standpoint, BTC price is now aiming to retest its all-time high and kickstart the much anticipated 2025 parabolic rally. However, a drop below $92k will result in further capitulation and potentially a long squeeze in the subsequent weeks.

-- Price

--

You may also like

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

MiCA reshuffle begins, Binance temporarily bids farewell to the EU

What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]