Harvard Invests Heavily in Bitcoin Through BlackRock ETF, Surpassing Amazon and Microsoft

Harvard University significantly increased its investment in Bitcoin through the Blackrock spot Bitcoin ETF (IBIT) during the third quarter. Their holdings surged by over 3x to almost $443 million, exceeding their stakes in Amazon and Microsoft. This move marks a notable shift from the university’s typical preference for private equity, real estate, and alternative assets towards a more direct investment in Bitcoin ETFs.