Harvard University Increased Its Bitcoin IBIT Stake By 257% In Q3: ‘As Good A Validation As An ETF Can Get’

Harvard University significantly increased its stake in the iShares Bitcoin Trust ETF (NASDAQ:IBIT), according to the latest 13F filing released on Friday.

Harvard’s IBIT A ‘Good Validation’ For ETFs

Harvard Management Company, a wholly-owned subsidiary of Harvard University that manages its endowment, pension assets, and other financial assets, reported holding 6,813,612 shares of IBIT as of Sept. 30, a 257% jump from the previous quarter.

IBIT holdings made up 21% of Harvard’s investment portfolio, making it the fifth-biggest investment after Microsoft Corp. (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN).

The stake was worth $442.88 million based on IBIT’s price of $65 on Sept. 30.

Bloomberg analyst Eric Balchunas noted that it’s “rare” for an endowment, …

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