Bari Weiss’ University Is Creating a Bitcoin Fund for Endowment

A new university in Texas is creating a Bitcoin holding in its endowment.

The University of Austin, which is admitting its first class of students this fall, has partnered with cryptocurrency platform Unchained to raise $5 million in Bitcoin for its long-term fund. Known as UATX, the school bills itself as being dedicated to free speech and intellectual risk-taking.

“Bitcoin provides a unique opportunity for advancing UATX’s commitment to cultivating future generations of leaders and innovators,” Thomas Hogan, an incoming associate professor at the university, said in a statement.

The university is planning to bring in 100 students ...