Harvard Holds Steady on BlackRock's Bitcoin Trust After Two Quarters of Cuts

Harvard Management Company has maintained its stake in BlackRock's iShares Bitcoin Trust (IBIT) for the second consecutive quarter. The company held 3,044,612 IBIT shares worth $101.4 million as of June 30.

This marks a change from the first quarter, when Harvard cut its IBIT share count by 43% and exited its Ether ETF entirely.

Other institutional investors also reported their holdings in IBIT during Q2. Mubadala Investment Company held 14,721,917 shares worth $490.1 million, while Abu Dhabi Investment Council reported 8,218,712 shares worth $273.6 million.