en.coinotag.com
Harvard Management Company has made a multimillion-dollar investment in BlackRock’s Bitcoin ETF, holding approximately 1.9 million shares valued at over $116 million.
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Harvard’s endowment fund is the largest among US universities, valued at $53.2 billion.
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BlackRock’s Bitcoin ETF has grown to over $86 billion in net assets since its SEC approval.
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Harvard’s investment strategy has included considerations for crypto since 2018.
Harvard’s recent investment in BlackRock’s Bitcoin ETF signifies a pivotal moment in its financial strategy, reflecting a growing acceptance of cryptocurrency in traditional finance.