Bitcoin Magazine Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding

Harvard University’s endowment has been quietly and massively increasing its Bitcoin holdings.

The university bought more than 6.8 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of September 30. The investment is valued at $442.8 million.

This marks a 257% increase from Harvard’s previous holding of 1.9 million shares, worth $116.6 million. The move makes IBIT Harvard’s largest publicly disclosed position. It is also the biggest single-quarter increase in its holdings, according the the filing.

Harvard Management Company runs the university’s $57 billion endowment. The Bitcoin ETF now represents just under 1% of total endowment assets.

Bloomberg ETF analyst Eric Balchunas said it is “sup

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