Harvard University's Bitcoin portfolio is currently showing a paper loss of approximately $40 million following the market crash.
according to market sources, the latest disclosure document submitted by Harvard University to the U.S. SEC shows that after the massive drop in the crypto market caused the value of its huge Bitcoin ETF holdings to shrink, the current value of the university's Bitcoin ETF holdings has lost about 40 million USD.
The university increased its shares in the iShares Bitcoin Trust ETF last quarter, with holdings once approaching 500 million USD. Even though Bitcoin experienced a brief rebound on Tuesday, its decline for the quarter still exceeded 20%. If Harvard University sells in early October, it might avoid losses or make a small profit before prices fall further. However, its average purchase price has not been disclosed.
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