Harvard Management Company’s Cryptocurrency Investments
The Harvard Management Company (HMC), responsible for managing the university’s endowment funds, has made significant adjustments to its cryptocurrency investments as revealed in its latest quarterly filing with the U.S. Securities and Exchange Commission. The report, which details holdings as of December 31, 2025, indicates that HMC has decreased its investment in the iShares Bitcoin Trust (IBIT) by approximately 21%, shedding around 1.5 million shares.
Despite this reduction, Bitcoin continues to hold the title of HMC’s largest publicly reported investment, valued at about $265.8 million by the end of the year.
New Ventures in Ethereum
In an interesting pivot, HMC has also embarked on a new venture by investing in the iShares Ethereum Trust (ETHA), acquiring roughly 3.87 million shares worth around $86.8 million. This marks the first public acknowledgment of Harvard’s investment in an Ethereum-linked exchange-traded fund (ETF), reflecting a growing recognition of Ether’s role in the cryptocurrency market.
Broader Trends in HMC’s Portfolio
The 13F filing not only showcases revisions in HMC’s digital asset portfolio but also reveals broader trends in their equities, including alterations in positions among key technology and industrial companies. Despite adjustments in their cryptocurrency allocations, HMC’s digital asset positions remain notable entries in its portfolio, underscoring the continued importance of these investments in their overall strategy.
