{"id":226241,"date":"2024-05-30T23:21:55","date_gmt":"2024-05-30T23:21:55","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/05\/30\/university-of-austin-and-unchained-to-raise-5-million-for-bitcoin-endowment\/"},"modified":"2025-06-25T17:18:23","modified_gmt":"2025-06-25T17:18:23","slug":"university-of-austin-and-unchained-to-raise-5-million-for-bitcoin-endowment","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/05\/30\/university-of-austin-and-unchained-to-raise-5-million-for-bitcoin-endowment\/","title":{"rendered":"University of Austin And Unchained To Raise $5 Million For Bitcoin Endowment"},"content":{"rendered":"

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Unchained and the University of Austin (UATX) have announced their collaboration to create a long-term endowment holding Bitcoin.\u00a0<\/p>\n

\u201cI\u2019ve been very passionate about what UATX is building in Austin,\u201d said\u00a0Joseph Kelly, CEO and co-founder of Unchained, who has personally donated 2 BTC to kickstart this campaign. \u201cI\u2019ve seen the values the organization places on free speech and on building a modern academic institution that\u2019s integrated with the marketplace, and I\u2019m thrilled to play a role in helping the university make bitcoin a part of its long term strategy.\u201d<\/p>\n

The initiative aims to raise $5 million for the university’s endowment, with the funds committed to remaining in BTC for at least five years.\u00a0The endowment funds are to be held securely and managed by Unchained,\u00a0a prominent Bitcoin financial services provider specializing in\u00a0multisig Bitcoin vaults<\/a>.<\/p>\n

The partnership also seeks to merge UATX with the broader Bitcoin community by collaborating on planned efforts such as joint marketing campaigns, events, guest lectures, and hosted debates.<\/p>\n

\u201cUniversity endowments are about serving students, and bitcoin provides a unique opportunity for advancing UATX\u2019s commitment to cultivating future generations of leaders and innovators,\u201d\u00a0said Thomas Hogan, incoming Associate Professor, Center for Economics, Politics, and History.<\/p>\n

Founded in 2016, Unchained currently manages over $6 billion in Bitcoin,\u00a0helping thousands of individuals and businesses hold their own Bitcoin keys through its collaborative custody model. The University of Austin is a private, nonprofit institution dedicated to the fearless pursuit of truth, according to the release.<\/p>\n

\u201cBoth UATX and the bitcoin community are building institutions for the future at a time when their respective worlds of higher education and financial services are captured by entrenched powers which limit freedoms through censorship,\u201d\u00a0Kelly added.\u00a0\u201cBy choosing Unchained as a partner, the university is also signaling its assessment of bitcoin\u2019s function as a freedom preserving technology, with our custody model helping to ensure there is no single point of failure to UATX\u2019s long-term holdings.\u201d<\/p>\n

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[ad_1] Unchained and the University of Austin (UATX) have announced their collaboration to create a long-term endowment holding Bitcoin.\u00a0 \u201cI\u2019ve been very passionate about what<\/p>\n","protected":false},"author":1,"featured_media":226242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/226241"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=226241"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/226241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/226242"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=226241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=226241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=226241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}