PANews reported on December 3rd that, according to Cryptopolitan, Harvard University's latest filing with the SEC shows that its massive Bitcoin ETF holdings have lost approximately $40 million in value following the cryptocurrency market crash. The university increased its holdings in the iShares Bitcoin Trust ETF last quarter, bringing its total holdings close to $500 million. Even with Tuesday's brief Bitcoin rebound, the price has still fallen by over 20% this quarter. If Harvard had sold in early October, it might have avoided further losses or made a small profit before prices fell further. However, its average purchase price was not disclosed. If the university still holds some or all of the 4.9 million shares purchased last quarter, the most optimistic scenario shows a 14% loss. This calculation assumes Harvard bought in early July, when Bitcoin's trading price was at its lowest point during the quarter. Based on this timeline, the shares purchased at that time for approximately $294 million would now be worth approximately $255 million.

In the second quarter of this year, ahead of the Bitcoin price surge in 2025, Harvard University purchased 1.9 million shares. This holding is currently likely to have a small loss or a slight profit, depending on the timing of the purchase. On paper, this loss has had a negligible impact on Harvard University's balance sheet. The university manages a $57 billion endowment fund, the largest in the United States. As of September 30, its Bitcoin holdings accounted for less than 1% of its total assets.