Harvard's endowment invested approximately $116 million in BlackRock's Bitcoin ETF, exceeding its investment in Google's parent company Alphabet.

Harvard Management Company, which manages Harvard University's $53 billion endowment, held approximately 1.9 million shares of IBIT, valued at approximately $116.6 million, as of June 30, according to documents filed with the U.S. Securities and Exchange Commission (SEC). This made it the fund's fifth-largest investment during the period, behind Microsoft, Amazon, travel technology company Booking Holdings, and Meta, and slightly ahead of its investment in Google's parent company, Alphabet.