PANews, December 3—According to Cryptopolitan, the latest disclosure filed by Harvard University with the US SEC shows that after the crypto market crash significantly reduced the value of its large Bitcoin ETF holdings, the university has now lost approximately $40 million on its Bitcoin ETF position. Last quarter, Harvard increased its holdings in the iShares Bitcoin Trust ETF, with its position once nearing $500 million. Even though Bitcoin saw a brief rebound on Tuesday, its decline this quarter still exceeds 20%. Had Harvard sold in early October, it might have avoided losses or even made a small profit before prices dropped further. However, the average purchase price has not been disclosed. If the university is still holding part or all of the 4.9 million shares acquired last quarter, the most optimistic scenario currently shows a 14% loss. This calculation assumes Harvard bought at the beginning of July, when Bitcoin was at its quarterly low. Based on that timing, the shares that cost about $294 million are now worth approximately $255 million.
In the second quarter of this year, ahead of the 2025 Bitcoin market uptrend, Harvard also bought 1.9 million shares; this portion may now be showing smaller losses or slight gains, depending on the purchase timing. On paper, the loss from this position has minimal impact on Harvard’s balance sheet. The university manages a $57 billion endowment, the largest in the US. As of September 30, its Bitcoin holdings accounted for less than 1% of total assets.
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