
Bitcoin is back in school early this year.
Harvard University’s endowment has disclosed a $116.7 million position in BlackRock’s iShares Bitcoin Trust, giving it more exposure to the top-ranked cryptocurrency than its stakes in Nvidia and Google’s parent company Alphabet.
The 1.9 million IBIT shares were purchased in the second quarter, according to a Friday filing with the US Securities and Exchange Commission.
Spot Bitcoin funds have attracted more than $54 billion in net inflows since their US approval in early 2024, with IBIT leading the pack and becoming one of the fastest-growing ETFs in history.