Other organizations may be turning down crypto donations, but SDSU now accepts BTC and ETH with open arms.
TCF chief financial officer David Fuhriman said one percent of the total crypto holdings would be withdrawn quarterly to fund campus activities that aim to discover how the university could interact with crypto, such as working on a system that permits broader digital transactions within the university.
Meanwhile, the rest of the funds will be converted into BTC and will not be liquidated immediately, with hopes that the price will go up in the future and help more programs. SDSU accepted the university's first cryptocurrency donation this fall, opening the door to similar contributions in the future.
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