A recent U.S. Securities and Exchange Commission filing shows that Harvard Management Company (HMC) held nearly $117 million worth of shares in BlackRock’s iShares Bitcoin Trust (IBIT) at the close of the second quarter. The position, totaling just over 1.9 million shares, accounts for roughly 8% of the $1.4 billion in U.S.-listed assets disclosed in the report.

That allocation places Bitcoin alongside Harvard’s largest publicly reported holdings, including tech heavyweights like Microsoft, Amazon, and Alphabet. Interestingly, it also means Harvard’s Bitcoin exposure now exceeds its gold holdings, with the university’s stake in the SPDR Gold Trust valued at about $102 million during the same period.

The investment marks a notable evolution in Harvard’s approach to digital assets. The university first dipped its toes into the sector years ago, backing crypto-focused venture funds in 2018 and later participating in token sales such as Blockstack’s STX offering. Reports in 2021 suggested Harvard had even begun buying cryptocurrency directly through exchange accounts.

By incorporating IBIT into its quarterly disclosures, Harvard has effectively positioned Bitcoin as a mainstream portfolio asset, right alongside its blue-chip equities and traditional safe-haven investments. While the filing only covers U.S.-listed securities and not the university’s full endowment, it offers the clearest signal yet that Bitcoin has graduated from an experimental allocation to a strategic position within one of the world’s most influential institutional portfolios.

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Filed under: Bitcoin - @ August 9, 2025 1:01 am