Harvard Endowment new largest investment is Bitcoin — Looks like they bought the top, now down 28 percent.

The Harvard Endowment’s Biggest Public Investment is Now Bitcoin
The endowment dramatically increased its holdings of a spot bitcoin ETF since its previous such report.

According to a new SEC filing, the Harvard University endowment’s largest publicly-traded investment is now in the iShares Bitcoin Trust (IBIT), which is a spot bitcoin exchange-traded fund (ETF) operated by Blackrock. The filing indicates the endowment increased its holdings of IBIT from 1,906,000 shares to 6,813,612 shares since its previous such report.

At current prices, the value of those IBIT holdings sits at around $364 million. This is already down rather heavily from the roughly $443 million valuation included in the filing, as bitcoin’s price has recently been struggling and now appears stuck under the $100,000 mark. As pointed out by MacroScope on X, another notable, and perhaps related, aspect of this recent filing is the 99% increase in gold ETF SPDR Gold Shares as well.

https://gizmodo.com/the-harvard-endowments-biggest-public-investment-is-now-bitcoin-2000686439

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