Harvard University's investment portfolio leans more towards Bitcoin (BTC) with a value of US$443 million, while its gold position is only US$235 million, according to the official website of the Securities and Exchange Commission (SEC).
This prompted Bitwise CIO Matt Hougan to react on X, calling for a moment of reflection. Harvard's bold move to allocate a larger investment in Bitcoin than in gold is noteworthy.
“Take a moment to think, Harvard decided to engage in depreciation trading and allocate Bitcoin at a ratio of 2 to 1 compared to gold,” he wrote, citing his X account.
It is known that Harvard utilizes BlackRock's Bitcoin exchange-traded fund (ETF) (IBIT) to manage its investment in the cryptocurrency asset. Additionally, the university also uses the gold ETF services of State Street Global Advisors Gold (SPDR).
Notably, Harvard's investment share is even greater in the Bitcoin ETF than in all other assets in its portfolio. For instance, shares of Microsoft amount to US$322 million, shares of Amazon US$235 million, and shares of Google's parent company are valued at US$157 million.
