Harvard Bets Big on Bitcoin With $443M Stake, Outpacing Gold 2-to-1

December 8, 2025

Harvard University expanded its Bitcoin ETF holdings by 257% in the third quarter, making the iShares Bitcoin Trust its largest disclosed position with $442.8 million as of September 30. According to Matt Hougan, Bitwise CIO, Harvard simultaneously increased its gold ETF holdings by 99% to $235 million, allocating to Bitcoin … 

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