Harvard Management Co. (HMC) has reported BlackRock’s iShares Bitcoin Trust (IBIT) position worth $116,666,260.
According to Form 13F submitted On August 8, by the US Securities and Exchange Commission (SEC), HMC had 1,906,000 shares of IBIT as of June 30.
Based on the values shown on the same page, Bitcoin allocation represents approximately 8% of the reported portfolio of filings over $1.4 billion, located in the same tier as some of Harvard’s largest US-registered possessions.
In particular, HMC holds more Bitcoin than Gold, as SPDR Gold Trust shares are priced at around $120 million at the end of the second quarter.
Portfolio snapshots are particularly selective and focused on megacap names. Microsoft will be appearing for around $310 million, Amazon will be appearing for nearly $235 million, $182 million, Meta will be appearing for around $120 million, Alphabet will be appearing for around $114 million, and Nvidia will be appearing for around $104 million.
This filing provides a still clear on-the-record signature of Harvard’s progression from exploratory encryption.
Harvard is reportedly engaged in digital assets for several years. The institution was one of the early university investors to allocate to crypto-centric venture funds in 2018.
Additionally, for Blockstack’s qualifying token sales, the SEC in 2019 documented the purchase of Stacks (STX) linked to a fund that includes limited partners, including Harvard University affiliates. Finally, reports from 2021 showed that Harvard was purchasing crypto directly through exchange accounts.
IBIT’s stakes formalize their arc by placing spot Bitcoin exposure on the same table as Harvard’s Blue Chip Equity and Gold.
Form 13F only covers certain US registered securities and does not represent the entire Harvard portfolio, but the composition is beneficial.
By adding IBIT to about 8% of reported holdings, Harvard has raised Bitcoin to the core component of public market books this quarter.