Overview

• Harvard Management Company’s Form 13-F filing shows it held 1.906 million shares of iShares Bitcoin Trust valued at $116 million as of June 30, 2025
• The bitcoin position accounts for roughly 8% of Harvard’s reported $1.4 billion U.S. portfolio, surpassing its $102 million SPDR Gold Trust allocation
• BlackRock’s IBIT, launched January 2024, has attracted tens of billions in inflows by offering daily liquidity and SEC oversight for crypto exposure
• Harvard joins major pensions, hedge funds and banks in formalizing regulated bitcoin products as a core portfolio component
• The ETF holding represents a strategic evolution from Harvard’s prior venture-fund bets and direct crypto purchases to a transparent public-markets allocation