Harvard Triples Bitcoin Position, Emory Expands BTC ETF Holdings
Harvard Management Company significantly increased its Bitcoin exposure by holding 6.8 million shares of BlackRock's iShares Bitcoin Trust (IBIT) as of September 30, valued at approximately $442.8 million. This marks a notable rise from 1.906 million shares reported on June 30. Meanwhile, Emory University expanded its Bitcoin ETF holdings, reporting 1 million shares of the Grayscale Bitcoin Mini Trust valued at $52 million in its third-quarter filing, nearly doubling its previous quarter's amount. Additionally, Emory disclosed 4,450 shares of IBIT worth around $289,000.
Brown University also holds Bitcoin ETF exposure, with about $13.8 million invested in IBIT shares, indicating a broader trend among university endowments. These institutions appear to be adopting a longer-term investment strategy in Bitcoin through ETFs, despite notable weekly outflows from spot Bitcoin ETFs.
The filings pertain to the third quarter, with Harvard's positions referenced as of September 30; the Harvard endowment size is about $56.9 billion. During this period, Bitcoin’s price showed volatility, starting the week near $107,000 and falling below $95,000 by Friday, underscoring the dynamic context for these investments.
