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0 sats \ 0 replies \ @DigitalCurrLA OP 14 Jan 2022 freebie
That a university accepts bitcoin donations is not the news here.
Only 1% of the donations will be employed each quarter to explore Bitcoin opportunities for SDSU.
and
The endowment will draw off 1% of its holdings each quarter for one or more campus programs to “explore uses and discover how SDSU could interact with cryptocurrency and Bitcoin specifically.
If I am reading that correctly, they will only spend 4% of the donations each year (1% per quarter), and the rest are held as an "endowment".
0 sats \ 0 replies \ @DigitalCurrLA OP 14 Jan 2022 freebie
"Four additional donations have augmented the first contribution. SDSU uses a platform called Kraken to execute its crypto exchanges."
0 sats \ 0 replies \ @DigitalCurrLA OP 14 Jan 2022 freebie
"The Campanile Foundation, an official tax-exempt auxiliary of the university dedicated to increasing SDSU’s private funding, had created an endowment fund to coordinate the new donations vehicle."
0 sats \ 0 replies \ @DigitalCurrLA OP 14 Jan 2022 freebie
Crypto Accepted at San Diego State University
https://newscenter.sdsu.edu/sdsu_newscenter/news_story.aspx?sid=78634