Though possibly not its first foray into crypto, Harvard’s reported stake in BlackRock’s Bitcoin exchange-traded fund represented a significant investment.
Harvard Management Company, the entity responsible for managing the university’s $53-billion endowment fund, has reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF).
In a Friday filing with the US Securities and Exchange Commission (SEC), Harvard disclosed holding about 1.9 million shares of the iShares Bitcoin (BTC) ETF as of June 30. The BTC exposure was valued at more than $116 million, making it the fund’s fifth-largest investment for the period after Microsoft, Amazon, travel technology company Booking Holdings, and Meta.
Harvard reported its endowment fund was $53.2 billion as of June 30, 2024, making it the largest among US universities, ahead of Yale, Stanford and Princeton.
