Penn Receives $5 Million Bitcoin Donation

Per an announcement from the University of Pennsylvania, the school has received “a new anonymous gift of $5 million in the form of Bitcoin — the largest cryptocurrency gift the University has ever received.” The donation will go to support innovation in finance for the university’s Wharton business school.

“Facilitated by NYDIG … the landmark commitment will support the growth of programs within the Stevens CEnter for Innovation in Finance at the Wharton School,” according to the announcement. “By engaging students with Wharton faculty and financial institution leaders, they become immersed in learning about the digital currency ecosystem.”