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Harvard triples investment in Bitcoin and now has R$ 2.3 billion

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Source: PortaldoBitcoin Original Title: Harvard triples investment in Bitcoin and now holds $ 2.3 billion Original Link: Harvard University significantly increased its exposure to Bitcoin in the third quarter, substantially raising its position in BlackRock's cryptocurrency ETF, a market leader.

According to a 13F filing with the United States Securities and Exchange Commission (SEC), Harvard Management Company held 6.8 million shares of the iShares Bitcoin Trust, from BlackRock, as of September 30. The position was valued at approximately $442.8 million (R$ 2.3 billion), a jump from the 1.906 million shares reported on June 30.

Although the allocation is small compared to Harvard's $56.9 billion endowment, it highlights a shift in the university's investment strategy and its view on Bitcoin.

As companies and governments have shown a greater willingness to form treasuries in Bitcoin, positions directly linked to the cryptocurrency have begun to appear in records following the approval of spot Bitcoin ETFs, which offer a regulated structure that wealth funds can hold like any other stock.

University Investment in Bitcoin

Harvard is one of several universities that have started to allocate resources into Bitcoin ETFs. Others include Brown University, which has $13.8 million in IBIT shares, while Emory University recently reported a similar move to Harvard.

Emory's quarterly filing listed 1 million shares of the Grayscale Bitcoin Mini Trust, valued at $52 million — nearly double the volume of the previous quarter. The university also disclosed a small position of 4,450 shares of the iShares Bitcoin Trust, worth about $289,000.

Spot Bitcoin ETFs saw strong outflows this week. The 11 spot Bitcoin ETFs lost nearly $867 million on Thursday — the second largest daily total since the SEC approved them in January 2024. Another $462 million left the funds on Friday, according to data from Farside Investors.

Despite the turbulent week for Bitcoin — which started trading at $107,000 before falling below $95,000 on Friday and maintaining that rate this Sunday — the disclosures from university endowment funds reflect a long-term investment bet, supported by BlackRock's popular ETF.

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