Harvard University made headlines this week after revealing a massive $116 million investment in Bitcoin through BlackRock’s popular exchange-traded fund.
The prestigious university’s endowment fund now holds nearly 2 million shares of the iShares Bitcoin Trust, making it one of the biggest Bitcoin investments by any American university.
The investment details came out in a regulatory filing submitted to the Securities and Exchange Commission on August 8. Harvard Management Company, which runs the university’s $53.2 billion endowment, disclosed holding 1.9 million shares of BlackRock’s IBIT fund as of June 30.
Bitcoin Becomes Harvard’s Fifth-Largest Investment
The Bitcoin investment now ranks as Harvard’s fifth-largest public stock holding. Only four tech giants sit ahead of it: Microsoft, Amazon, Booking Holdings, and Meta. The Bitcoin position even beats out Google’s…
