Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding

Harvard University's endowment, managed by the Harvard Management Company, significantly increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), tripling its stake to over 6.8 million shares, valued at $442.8 million as of September 30. This 257% quarterly increase makes IBIT Harvard's largest publicly disclosed position, representing nearly 1% of the $57 billion endowment. Analysts note this move is rare for a university endowment and serves as significant validation for Bitcoin ETFs. Harvard also increased its gold exposure, doubling its holding in SPDR Gold Shares (GLD). This diversification strategy aligns with a broader institutional trend, with analysts suggesting peer institutions may follow suit. Other institutions, like Emory University and Al Warda Investments, have also recently increased their Bitcoin ETF holdings.

(Source：Bitcoin Magazine)