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Harvard Bets Big on Bitcoin ETF Despite Losses

12/4/2025

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Summary

Story summary

Harvard University is nearing a $500 million investment in the iShares Bitcoin Trust ETF.
A market downturn produced an unrealized loss of $40 million, about 14% on 4.9 million shares purchased last quarter.
The loss is less than 1% of Harvard's $57 billion endowment.
Other institutions, such as Brown University and Emory University, hold Bitcoin ETFs but at lower amounts.
Harvard's future performance remains closely linked to Bitcoin's market movements.

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Story summary

Harvard University is nearing a $500 million investment in the iShares Bitcoin Trust ETF.
A market downturn produced an unrealized loss of $40 million, about 14% on 4.9 million shares purchased last quarter.
The loss is less than 1% of Harvard's $57 billion endowment.
Other institutions, such as Brown University and Emory University, hold Bitcoin ETFs but at lower amounts.
Harvard's future performance remains closely linked to Bitcoin's market movements.