Massachusetts Institute of Technology (MIT) will give each of its 4,528 undergraduates a bitcoin worth $100 (£59).
The university received a donation of $500,000 (£297,000) by Wall Street financier and MIT graduate Alexander Morcos and decided to convert the money into bitcoins to present to students
Read more: http://www.itpro.co.uk/strategy/22150/free-bitcoins-handed-out-to-mit-students