Harvard holds $101M Bitcoin ETF stake steady in Q2

Harvard Management Company kept its position in BlackRock’s iShares Bitcoin Trust unchanged during the second quarter, ending two consecutive quarters of reductions in its publicly disclosed Bitcoin exposure. Summary Harvard held 3,044,612 IBIT shares worth $101.4 million at June 30, unchanged from March quarter-end. Harvard previously cut its IBIT share count 43% during first quarter after trimming fourth-quarter exposure. Mubadala and Abu Dhabi Investment Council retained 22.9 million combined IBIT shares throughout second quarter. JPMorgan increased reported IBIT holdings while Morgan Stanley reduced its reported share count during Q2. Harvard held $171.2 million in gold ETFs, exceeding its $101.4 million Bitcoin ETF position substantially. Its Aug. 14 SEC filing showed 3,044,612 IBIT shares worth $101.36 million as of June 30. The share count was identical to March 31, when the position was worth about $116.97 million. The roughly $15.6 million decline in reported value therefore came from IBIT’s lower quarter end price rather than additional selling by Harvard. Harvard stops selling after two quarters of IBIT cuts Harvard had been reducing its Bitcoin ETF exposure since late 2...