Harvard Management Company has made a substantial investment in Bitcoin, allocating $443 million to BlackRock’s iShares Bitcoin Trust (IBIT). This move, detailed in a recent SEC filing, involves the acquisition of 6.8 million shares of IBIT, highlighting a significant commitment to Bitcoin-related financial products.
The filing also indicates that Harvard has increased its positions in gold ETFs, suggesting a strategic shift in its asset allocation. This dual investment approach reflects a broader trend among institutional investors to diversify portfolios with both digital and traditional safe-haven assets.
Harvard Allocates $443M to Bitcoin via BlackRock ETF
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