Harvard Endowment Holds Steady on BlackRock Bitcoin ETF

Harvard Management Company (HMC), which oversees Harvard University's endowment, kept its position in BlackRock's spot Bitcoin ETF (IBIT) unchanged during the second quarter of 2025.

The firm held 3,044,612 shares as of June 30, 2025, matching its previous quarter's total. This decision to hold steady comes after HMC reduced its IBIT holdings by 21% in the fourth quarter of 2024 and by 43% in the first quarter of 2025.

The latest filing indicates a pause in that reduction, suggesting a cautious but stable approach to its Bitcoin exposure. The exact dollar value of the stake isn't disclosed in the filing, but based on IBIT's average trading price during the quarter, the position is estimated to be worth over $100 million.