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

The post Brown University Discloses $5M in BlackRock’s IBIT: Bitcoin Price Recovers appeared first on Coinpedia Fintech News

• On-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, 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.