Harvard Triples Its Bitcoin Position as Emory Expands BTC ETF Holdings
Bitcoin ETF. Image: Shutterstock/Decrypt
Decrypt reports that Harvard University and Emory both increased their Bitcoin exposure in the third quarter via ETF holdings, new filings show.
Harvard University sharply increased its Bitcoin exposure in the third quarter, substantially boosting its position in BlackRock's market-leading crypto ETF.
According to a Form 13F filed with the U.S. Securities and Exchange Commission, Harvard Management Company held 6.8 million shares of BlackRock’s iShares Bitcoin Trust as of September 30. The position was valued at about $442.8 million, with its holdings up from 1,906,000 shares reported on June 30.
The allocation was small relative to Harvard’s $56.9 billion endowment, but it highlights a shift in the school’s investment strategy and view towards Bitcoin.
While corporations and governments have been more willing to establish Bitcoin treasuries, direct Bitcoin-related positions began appearing in filings after spot Bitcoin ETFs offered a regulated structure that endowments could hold like any other stock.
