Harvard Pours $443,000,000 Into Bitcoin As SEC Filing Reveals Massive BlackRock IBIT Purchase

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Harvard just poured a major amount of cash into the leading crypto asset, Bitcoin.

A new 13F filing with the SEC shows the university’s endowment has boosted its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to 6,813,612 shares, worth about $443 million as of September 30th.

This marks a 257% increase from Q2’s 1.91 million shares, worth $116 million.

IBIT now tops Harvard’s US equity holdings, surpassing Microsoft at $323 million and Amazon at $235 million.

Bloomberg’s senior ETF analyst Eric Balchunas says the move represents a seal of approval for Bitcoin ETFs.

“It’s super rare/difficult to get an endowment to bite on an ETF- esp a Harvard or Yale, it’s as good a validation as an ETF can get.

That said, half a billion is a mere 1% of total endowment. Big enough to rank 16th among IBIT holders tho.”

IBIT now has $81 billion in assets, capturing 35% of all spot Bitcoin ETF inflows.