Overview
- A new SEC filing shows Harvard held 6.81 million shares of BlackRock’s iShares Bitcoin Trust worth $442.8 million as of Sept. 30, up about 260% from its initial Q2 purchase.
- The Bitcoin fund is now Harvard’s biggest publicly disclosed position, exceeding its individual stakes in leading technology companies.
- The holding represents just under 1% of the university’s approximately $57 billion endowment.
- Harvard also boosted its exposure to gold, lifting SPDR Gold Shares to 661,391 shares valued at roughly $235 million.
- Bloomberg’s Eric Balchunas called the move unusually strong validation for an ETF, as other institutions such as Brown, Emory, and an Abu Dhabi fund have reported larger crypto ETF allocations during recent market swings.