Harvard University's Bitcoin investment portfolio is currently down about 40 million dollars after the market crash

According to market news, the latest disclosure documents submitted by Harvard University to the U.S. SEC show that after a significant drop in the cryptocurrency market led to a massive decline in the value of its Bitcoin ETF holdings, the current value of the university's Bitcoin ETF holdings has lost approximately $40 million.

Last quarter, the university increased its holdings in the iShares Bitcoin Trust ETF, with the holdings size nearing $500 million at one point. Even though Bitcoin experienced a brief rebound on Tuesday, its decline this quarter still exceeds 20%. If Harvard University had sold in early October, it might have avoided losses or made a small profit before prices fell further. However, its average purchase price has not been disclosed.

If the university still holds some or all of the 4.9 million shares purchased last quarter, the most optimistic scenario shows a loss of 14%. This calculation assumes that Harvard University bought in early July, when Bitcoin's trading price was at its lowest point during the quarter. Based on this timing, the shares purchased for approximately $294 million are now worth about $255 million.

In the second quarter of this year, before the Bitcoin market heats up in 2025, Harvard University also purchased 1.9 million shares, which may currently have a small loss or slight profit, depending on the timing of the purchase. On paper, the loss from this holding has a minimal impact on Harvard University's balance sheet. The university manages a $57 billion endowment fund, making it the largest endowment fund in the U.S. As of September 30, its Bitcoin holdings account for less than 1% of its total assets.