How My Fraternity Supercharged Our Treasury By Adopting Bitcoin | Crypto Craft

  • How My Fraternity Supercharged Our Treasury By Adopting Bitcoin

    From bitcoinmagazine.com

    During the summer of 2021, the Sigma Alpha fraternity at Lipscomb University decided to put a large percentage of their cash reserves into bitcoin, hold it on their balance sheet, and to accept dues in bitcoin through the Lightning Network. It unanimously passed and was implemented shortly after. At the peak of the move in November, the Sigma Alpha treasury had risen 70% in value from their original purchase. I am thrilled to have the opportunity to be covering this story from an inside perspective as an executive of the fraternity. I was a key orchestrator in this process, alongside President Sean Hagan, ... (full story)

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BTCmailman
Feb 2, 2022 11:58am
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At the peak of the move in November, the Sigma Alpha treasury had risen 70% in value from their original purchase.

Can we get an update on this now?

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Ultimately during high inflationary periods, even student organizations will be needing to protect their purchasing power. Historically, from the last century, we have been able to conclude that the Federal Reserve Board cannot be trusted in protecting us from this phenomenon themselves. As Consumer Price Index year-to-date was announced recently to be upward of 7%, this is the largest yearly increase we have seen since the period ending June 1982.

By my calculations they are down just under 8% at current prices. Nice work protecting your purchasing power!
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