TechFlow news: The Blyth Foundation at Stanford University has allocated 7% of its portfolio to invest in Bitcoin. Kole Lee, a computer science major and leader of Stanford's Blockchain Club, said the fund purchased Bitcoin in February at a price of $45,000.
Lee said this was a strategic decision based on optimism about Bitcoin's future growth and its role as a hedge against monetary instability. Meanwhile, asset management firm BlackRock plans to introduce Bitcoin exposure into its Strategic Income Opportunities Fund, which currently manages $36.5 billion in assets.




