"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. The Bitcoin ETF now represents just under 1% of total endowment assets."
"Harvard also increased its gold exposure. The endowment nearly doubled its holding in SPDR Gold Shares (GLD) to 661,391 shares, worth $235.1 million. Other major holdings remain in U.S. tech companies, including Amazon, Microsoft, Meta, and Alphabet. The endowment also added positions in Klarna ($16.8 million) and Taiwan Semiconductor ($59.1 million). The increase in Bitcoin and gold allocations highlights Harvard's focus on portfolio diversification."
Harvard's endowment bought more than 6.8 million shares of BlackRock's iShares Bitcoin Trust (IBIT) as of September 30, valued at $442.8 million, a 257% increase from prior holdings. IBIT became the largest publicly disclosed position and represented just under 1% of the $57 billion endowment. The endowment also nearly doubled its SPDR Gold Shares (GLD) holding to 661,391 shares, worth $235.1 million. Major equity positions include Amazon, Microsoft, Meta, and Alphabet, with new stakes in Klarna ($16.8 million) and Taiwan Semiconductor ($59.1 million). Analysts view the moves as portfolio diversification and part of wider institutional adoption of Bitcoin ETFs.
Read at Bitcoin Magazine
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