http://sdt.bz/content/article.aspx?ArticleID=70138&page=1
Two MIT students, first-year MBA student and Bitcoin Club founder Dan Elitzer, and sophomore Jeremy Rubin, have raised US$500 million from MIT alumni and the Bitcoin community to launch the MIT Bitcoin Project.
The ambitious MIT initiative looks to turn the university into a digital currency ecosystem by distributing $100 in bitcoins to each of the 4,528 undergraduate students starting next school year. MIT will become the first location worldwide with widespread access to Bitcoin.