Harvard University's Bitcoin ETF investment increases 257% to 6,813,612 shares

Harvard University recently announced that it has nearly tripled its holdings in BlackRock's IBIT Spot Bitcoin ETF.
According to "The Block" on the 15th (local time), as of September 30th, Harvard University is
The ETF reported holding 6,813,612 shares, up from its previous June report.
This is a 257% increase from the previous value of 1,906,000 shares. At the time, Harvard University's IBIT holdings were the fifth largest investment among its reported investment stocks, but the current IBIT
IT holdings include Microsoft, Amazon, and SPDR Gold Trust.
It became the largest single holding, surpassing the Trust and other assets.
As of September 30, Harvard University's IBIT holdings were valued at $442.8 million (approximately $68.5 billion)
The exact amount Harvard used to acquire the shares was $364.4 million (approximately ¥56.4 billion) as the price of IBIT fell.
Harvard University's total holdings account for only about 0.6% of the university's endowment, which is about $57 billion (about 9 trillion yen).
Bloomberg ETF analyst Eric Balchunas
"It's very unusual and difficult for universities like Harvard and Yale to invest directly in ETFs, and it's the best signal of confidence in ETFs," said Balchunas.
However, he added, "$500 million (approximately 77.4 billion yen) is only about 1% of the total fund. Even so, it still ranks 16th among IBIT holders."
IBIT is currently the market-leading physical Bitcoin ETF based on assets under management (AUM), but in the past week, net outflows have been about $532.4 million (about 824
1 billion yen), and the price of Bitcoin fell below $100,000 (approximately 15.47 million yen), and is currently trading at around $90,500 (approximately 14 million yen).
Meanwhile, Emory University, a private research university in Atlanta, Georgia,
Emory University also recently increased its Bitcoin ETF holdings through a public announcement.
Emory University holds over 1 million shares of Bitcoin Mini Trust ETF (BTC), with assets under management of approximately $4.3 billion (approximately 665.2 billion yen).
He also reportedly holds shares.