A statue of Martinus Theunis Steyn was installed at the University of the Free State, in Bloemfontein, South Africa, until 2020 when it was relocated to the Anglo-Boer War Museum In honour to the fact that Steyn had worked diligently for an indigenous Free State University during the years before the Anglo-Boer War, and the desire of the Afrikaanse Studentebond to inspire young Afrikaners to take up leadership in South Africa, it was decided to erect a statue at the University of the Free State.

Speaking about the statue, Jansen stated that the discourse on transformation was not about only one person's memories, but about everyone's in the country.

[2] In 2018, the university targeted the statue as a priority to be dealt with according to its Integrated Transformation Plan (ITP).

Although according to the National Museum in Bloemfontein the current location on campus is important because "President Steyn embodies the ideal of the establishment of a Free State university".

The statue is situated 200 metre from the National Women's Monument near the graves of Steyn and his wife, Tibbie.