Harvard University’s Bitcoin Portfolio Is Now Floating About $40 Million After Market Plunge

According to Foresight News, according to Cryptopolitan, the latest disclosure documents submitted by Harvard University to the U.S. SEC show that after the collapse of the crypto market caused the value of its huge Bitcoin ETF position to shrink, the school’s current Bitcoin ETF holdings have lost approximately US$40 million in value. The school increased its holdings in the iShares Bitcoin Trust ETF last quarter, with the position once approaching $500 million. Even with Bitcoin's brief rebound on Tuesday, it's still down more than 20% this quarter. Had Harvard sold in early October, it might have been able to avoid a loss or make a small profit before the price fell further. However, its average purchase price is not disclosed. The most optimistic scenario currently points to a 14% loss if the school still holds some or all of the 4.9 million shares it purchased last quarter. This calculation assumes Harvard bought in early July, when Bitcoin was trading at its lowest price during the quarter. At that time, the school’s stake, which it purchased at the time for about $294 million, would be worth about $255 million today.



In the second quarter of this year, before the Bitcoin market heats up in 2025, Harvard University also purchased 1.9 million shares. This part of the position may currently suffer a small loss or make a slight profit, depending on the timing of the purchase. On paper, the loss on the position had little impact on Harvard's balance sheet. The school manages an endowment of $57 billion, the largest in the United States. As of September 30, its Bitcoin holdings accounted for less than 1% of total assets.

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