Harvard’s investment office quietly added $116M in bitcoin via the iShares Bitcoin Trust ETF.
And it’s not just Harvard. Brown University’s disclosed its own bitcoin holdings earlier this year and recently doubled down on it.
Now that Ivy League endowments are allocating to bitcoin, it serves as a wake-up call for the rest of the endowment space: get some or get left behind.
It’s another indicator that even the
most conservative institutional portfolios now see the merits of bitcoin.