Harvard University's $57 billion endowment has made its investment in a spot Bitcoin ETF its largest disclosed holding.
According to a recent disclosure, the world's largest academic fund has nearly tripled its stake in BlackRock's IBIT, increasing its shares by 257% to over 6.8 million.
This huge increase has catapulted IBIT's position above its holdings in traditional giants such as Microsoft and Amazon, as well as the SPDR Gold Trust.
This move represents a significant strategic shift for a traditionally conservative institutional investor. Although the position represents about 1% of the total fund, its prominence as the largest disclosed holding sends a strong signal to other institutions.