In the news making headlines in the cryptocurrency industry, Harvard University Endowment has made an investment in the crypto token sale of Blockstack.
Blockstack Offering 95.83 million Crypto Tokens
A filing made with the US Securities Exchange Commission listed designees affiliated to the Havard Management Company including Charlie Saravia, Rodolfo Gonzalez, and Zavain Dar who have been participating in the purchase of 95.8 million Blockstack tokens, worth $11.5 million. Although it’s not clear how much the Harvard University Endowment has purchased, it is, however, the first time a major endowment has invested in cryptocurrency.
In a tweet, Anthony Pompliano of Morgan Creek Digital indicated that Havard Endowment had directly invested $5 million to $10 million in the Blockstack token sale.