Harvard University has invested approximately $116.7 million in BlackRock's iShares Bitcoin Trust (IBIT) ETF, making it the fifth-largest holding in its endowment portfolio. This investment surpasses Harvard's gold holdings valued at $101.51 million and exceeds stakes in major technology companies such as Nvidia and Alphabet, Google's parent company. Harvard Management Company disclosed ownership of around 1.9 million shares of the Bitcoin ETF, positioning the university among the top 30 holders of IBIT. The move reflects accelerating institutional adoption of Bitcoin. Following this, the IBIT ETF has experienced notable market activity, including unusual call option volumes and trading interest, with the ETF approaching and surpassing an all-time high price near $70 per share.