- The prestigious Ivy League university, Harvard, reported over six million holdings in BlackRock’s IBIT spot Bitcoin ETF in Q3.
- The institution’s investment in IBIT fell by $78.49 million as of Friday’s market close.
Harvard, the prestigious Ivy League university, has reportedly doubled down on its Bitcoin (BTC) exposure in the third quarter (Q3) of 2025. According to its recent filing with the US Securities and Exchange Commission (SEC), it increased its holdings of BlackRock’s iShares Bitcoin Trust (IBIT) by over 1.9 million shares during the period, bringing its portfolio to more than 6.31 million shares.
Harvard’s Largest Declared Investments
The SEC’s EDGAR database showed that IBIT was Harvard’s largest declared investment at $442.88 million. The numbers surpassed the university’s other top holdings, such as Microsoft ($332.84 million), Amazon ($235.18 million), SPDR Gold ($235.1 million), Booking Holdings ($170.07 million), Alphabet ($157.09 million), Meta Platforms ($119.89 million), and NVIDIA ($108.95 million).
As shown in the list, the institution heavily weighted its portfolio toward tech stocks.
$78.49M Loss from Q3 to Early Q4 as IBIT Shares Dip
Unfortunately, Bitcoin’s Q4 slump has taken a significant chunk out of Harvard’s investment. On Friday’s market close, IBIT dived to 53.48 per share, bringing the value of the university’s shares to $364.39 million.
IBIT’s price mirroring that of its performance during the last week of April meant a loss of $78.49 million in Harvard’s reported holdings in Q3. This was a significant decline from the academic institution’s supposed $32.77 million gain in the first week of October as BlackRock’s spot Bitcoin ETF peaked at $69.81 per share.
During that period, IBIT recorded net inflows of over $3.53 billion. However, the market shock during the October 10 crypto liquidations gradually thinned inflows, resulting in several streaks of net outflows leading into November.
The trend persisted last week, with outflows outpacing inflows by around $532.4 million. Meanwhile, BTC declined from a $107K high to a $92K low over the last seven days heading into Monday.
Deeper Crash Expected
Generally, the crypto community is bearish on Bitcoin’s short-term prospects, further endangering Harvard’s investment in the asset. Even the most prominent figures in the digital assets space have echoed the bleak sentiment. However, others like Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor and Bitmine Chair Tom Lee have remained bullish on the fundamentals of the top crypto assets by market cap, Bitcoin and Ethereum (ETH), amid all the FUD (Fear, Doubt, Uncertainty).
Adding fuel to the already uneasy crypto investors, Schiffgold founder Peter Schiff has let out a barrage of attacks on Strategy. He reiterated his previous accusations that the company is a fraud and likened its model to a Ponzi scheme.
Furthermore, Schiff took another potshot at Bitcoin, criticizing how it continued to struggle at $93K despite gold recovering back at $4.1K on early Monday morning. He doubled down on his stance, dismantling Bitcoin’s “digital gold” narrative.
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