Overview

• Harvard Management Company’s Form 13F filing shows a $116 million position in BlackRock’s iShares Bitcoin Trust, accounting for about 8% of its U.S.-listed assets.
• That bitcoin allocation now exceeds Harvard’s SPDR Gold Trust holding, which stood at roughly $102 million at the end of Q2 2025.
• Brown University disclosed its own $13 million stake in the same bitcoin ETF, marking its initial regulated crypto allocation.
• BlackRock’s iShares Bitcoin Trust remains the top spot bitcoin ETF with $86.3 billion in assets under management after record institutional inflows.
• The filings cap a multi-year evolution at Harvard that began with 2018 venture investments and direct crypto purchases before moving into ETF exposure.