Harvard Doubles Down on Bitcoin, IBIT Holdings Surge to $442.8M

Harvard University has significantly increased its investment in Bitcoin, adding nearly 257% to its holdings, reaching a new high of $442.8 million. This move reflects the institution’s strategy of diversifying its portfolio amidst changing market conditions and growing institutional interest in cryptocurrencies. The university now holds over 6.8 million shares of iShares Bitcoin Trust (IBIT), representing a substantial portion of its overall portfolio. This significant shift follows similar trends witnessed across universities and pension funds, reflecting the broader adoption of regulated digital assets.