Harvard Doubles Bitcoin Holdings, Demonstrates Institutional Backing for Crypto

Harvard University’s endowment has significantly increased its investment in cryptocurrency by tripling its holdings of BlackRock’s iShares Bitcoin Trust (IBIT). The latest SEC filings reveal that the endowment now holds approximately $443 million worth of IBIT shares, marking a notable shift towards direct crypto asset exposure. This move positions Harvard as one of the largest institutional investors in Bitcoin ETFs and signifies an increasing confidence in the cryptocurrency market.