The Harvard Endowment’s Biggest Public Investment is Now Bitcoin

According to a new SEC filing, the Harvard University endowment’s largest publicly-traded investment is now in the iShares Bitcoin Trust (IBIT), which is a spot bitcoin exchange-traded fund (ETF) operated by Blackrock. The filing indicates the endowment increased its holdings of IBIT from 1,906,000 shares to 6,813,612 shares since its previous such report. 

At current prices, the value of those IBIT holdings sits at around $364 million. This is already down rather heavily from the…