According to information on the SEC's official website, Brown University's Bitcoin spot ETF holdings have increased from $5 million in May to approximately $13 million currently. Furthermore, according to a May article by Matthew Sigel, head of digital asset research at VanEck, Brown University is the third US university to announce a Bitcoin purchase, following Emory University and the University of Texas at Austin .

In addition, it was previously reported that the management company behind Harvard University's endowment fund (HMC) bought 1.9 million shares of BlackRock iShares Bitcoin spot ETF in the second quarter of this year, worth US$116.7 million .