Scottish School's Bitcoin Scholarship Covers Two Years of Tuition
Lomond School in Helensburgh, Scotland launched the Satoshi Scholarship, covering two years of tuition and boarding for one student. The program is open worldwide with applications closing May 24.
Key Takeaway
First Bitcoin-accepting school now funds students to learn Austrian economics through crypto donations.
Lomond School launched a fully funded scholarship covering two years of tuition and boarding at its Burnbrae house in Helensburgh, Scotland. The Satoshi Scholarship is open to students worldwide and closes applications on May 24.
The school became the first in the world to accept Bitcoin for tuition in autumn 2025. Since then, Lomond has built a Bitcoin treasury funded by donations from the global Bitcoin community, operates its own Bitcoin node, and runs mining units that supply heat to classrooms. A live mempool display sits in the study and library.
Economist Saifedean Ammous, author of The Bitcoin Standard, is working with Lomond to develop a curriculum that blends Bitcoin with Austrian economics. The program covers topics like sound money, time preference, and capital formation framed through Bitcoin's design.
Lomond Principal Claire Chisholm said the donation behind the scholarship shows the level of interest in the project from across the global Bitcoin community. The scholarship is open to day and boarding pupils from Senior 1 up to Upper Sixth, though officials expect it to appeal particularly to students starting the two-year International Baccalaureate in Lower Sixth. Applicants must pass standard admissions checks and a means test, with applications closing May 24.
This article was written based on reporting from Bitcoin Magazine.
