Harvard now owns nearly half a billion dollars worth of Bitcoin, filings show | Fortune
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Harvard now owns nearly half a billion dollars worth of Bitcoin, filings show | Fortune
"Harvard is home to top intellectuals, famous alumni and, more recently, a sizable hoard of Bitcoin. The university has more than $442 million dollars in the BlackRock-issued ETF called iShares Bitcoin Trust (IBIT), which provides exposure to the cryptocurrency in the form of stock, according to filings released on Friday with the Securities and Exchange Commission. In 2025, major companies and institutions have lined up to invest in crypto, including those from Wall Street, Silicon Valley, and increasingly, the Ivy League."
"Harvard has more money in the Bitcoin ETF than it does in any other stock, including its stakes in mainstay companies like Nvidia, Microsoft, and Amazon. While half a billion dollars in IBIT is nothing to sneeze at, it accounts for less than 1% of the university's nearly $57 billion endowment. Harvard did not respond to a request for comment about its decision to invest in Bitcoin."
Harvard holds more than $442 million in the BlackRock-issued iShares Bitcoin Trust (IBIT), making it the university's largest single stock-equivalent holding. Brown University disclosed roughly $14 million in crypto ETF holdings. IBIT launched in January 2024 as one of the first U.S. spot crypto ETFs, enabling brokerage-account exposure to Bitcoin and ending a long regulatory battle. IBIT's total market capitalization exceeds $70 billion. Harvard's IBIT position represents under 1% of its nearly $57 billion endowment. Bitcoin has risen less than 0.5% over the last year while the S&P 500 gained about 13%. Harvard did not respond to requests for comment.
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