Harvard invested 443 million dollars in BlackRock's Bitcoin Fund.

Harvard University's Bold Move

Harvard University announced that it has invested $443 million in BlackRock’s iShares Bitcoin Trust (IBIT). This investment is noted to be the largest known stake in the fund.

The investment constitutes 20% of Harvard's reported publicly traded stock portfolio in the U.S. Considering that institutional investors typically prefer exchange-traded funds (ETFs) and tend to lean towards private equity and real estate investments, this move is quite significant.

This step occurred despite Bitcoin's price declining by more than 5% in the past week. However, IBIT still maintains its status as the world's largest spot Bitcoin ETF, with net assets of approximately $75 billion.