Harvard Endowment Boosts Bitcoin Stake Despite Price Drop

Harvard University's endowment held $101.4 million in Bitcoin through its stake in the IBIT ETF at the end of June, according to a recent report.

The university stopped selling IBIT shares after cutting its holdings by 43% in the first quarter, suggesting a shift in strategy or confidence in the asset.

JPMorgan increased its own IBIT stake during this period, while Morgan Stanley reduced its position by 4.5%, showing differing views among major financial players.