Stanford Blaise Fund has purchased Bitcoin, which accounts for approximately 7% of the investment portfolio

According to CryptoPotato, the Stanford Blyth Fund, a student investment entity at Stanford University, purchased Bitcoin (BTC) in February this year for $45,000. Kole Lee, leader of the Stanford Blockchain Club and a computer science major, stated on Twitter that after purchasing Bitcoin, the Blyth Fund allocated about 7% of its portfolio assets to Bitcoin. The Blyth Fund was established in 1978 by an anonymous donor in memory of legendary banker Charles Blyth and manages six-figure portions of Stanford University's donated funds through investments in stocks and bonds. The fund supports education by allowing students to invest their own money and donates 25% of investment returns to Stanford University's financial aid. When pitching Bitcoin to the fund in February, Lee focused mainly on crypto market cycles, inflows into exchange-traded funds (ETFs), and hedging against "currency chaos and war". Lee proposed investing in iShares Bitcoin ETF (IBIT) issued by BlackRock - the world's largest asset management company. Ultimately, the Blyth Fund bought Bitcoin and allocated 7% of its portfolio assets to this leading digital asset. Notably IBIT is among top ten spot bitcoin ETFs with best performance managing over $11 billion worth assets with daily inflow being $420 million as recorded on March 4.