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Harvard shakes up its crypto strategy by selling Bitcoin and purchasing Ethereum
Crypto investments are still prominent in Harvard’s endowment, as filings show that the university has purchased Ethereum. The Ivy League school bought about $87 million in BlackRock’s iShares Ethereum Trust (ETHA), according to filings with the Securities and Exchange Commission released on Friday. The purchase coincided with a decision by Harvard sell 21% of its holdings of the iShares Bitcoin Trust (IBIT). The value of the sold Bitcoin amounted to around $72 million based on an end-of-year closing price for IBIT of $49.65 per share. The transactions, which were disclosed in regulatory filings cited by multiple ... (full story)
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