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Harvard endowment tilts harder into Bitcoin ETFs than Google stock

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Harvard endowment tilts harder into Bitcoin ETFs than Google stock

Harvard’s endowment has quietly made Bitcoin ETFs a top public holding, surpassing Google and joining other elite universities in rotating long‑term capital into digital assets.

Harvard University’s endowment is now leaning harder into Bitcoin (BTC) than into Silicon Valley’s most iconic search giant—and markets are taking note

Harvard’s Quiet Portfolio Pivot

“FUN FACT: Harvard University holds more in Bitcoin ETFs than it holds shares in Google,” Bitcoin Magazine posted on X on February 10, distilling a shift years in the making.

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Regulatory filings show Harvard built a roughly $116.7 million position in BlackRock’s iShares Bitcoin Trust in 2025, lifting its Bitcoin exposure above stakes in Alphabet and other big‑tech mainstays.

Subsequent disclosures indicate Harvard increased that wager, with some estimates putting its Bitcoin ETF holdings in the hundreds of millions and ranking the position among its single largest listed assets.

Commentary from the digital‑asset industry has been blunt. “Most people think Bitcoin is the gamble, but Harvard’s math clearly suggests that not owning enough of it is the bigger risk to their long‑term portfolio,” wrote SIG Labs.
Another bitcoiner framed it more simply: “Bitcoin is moving from theory to balance sheets.”

Endowments Move Into Crypto

Harvard is not alone. Brown and Emory universities have both disclosed sizable Bitcoin ETF and trust positions, running into the tens of millions of dollars in IBIT and Grayscale’s Bitcoin Mini Trust. One crypto media noted that “several prominent U.S. university endowments have disclosed investments in cryptocurrency – including Emory, Brown, and Dartmouth Universities.”

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Bitcoin, Google, and Macro Risk

Harvard’s rotation comes as digital assets again trade as a pure expression of global risk appetite. Bitcoin (BTC) is hovering around $68,400, with intraday swings pulling it below $70,000 twice in the past 24 hours as traders digest a near‑50% drawdown from its 2025 peak near $126,000.
Ethereum (ETH) changes hands near $4,760, up roughly 2.5% over the last day, while Solana (SOL) trades close to $208 after a gain of just over 5%, on volumes above $12 billion.

“This is Harvard flipping tech for BTC ETFs,” one trader wrote, calling it “wild” and a sign that “institutional adoption is officially peaking right now.”
If that proves true, Bitcoin beating Google inside the world’s richest university endowment may be remembered as more than just a memeable “fun fact.”

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Crypto World

Kalshi Faces Lawsuit Over Khamenei Prediction Market

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Court, Kalshi, Prediction Markets

A class action lawsuit has been filed against prediction market Kalshi, alleging that the death carveout in the “Ali Khamenei out as Supreme Leader” market was not properly disclosed to users and that the platform failed to pay out winning trades.

The plaintiffs said that the death carveout policy was “not incorporated into the user-facing rules summary,” and was not displayed in a way that would notify a “reasonable consumer” of the policy or its effects.

“Defendants, themselves, later acknowledged that their prior disclosures were ‘grammatically ambiguous,’” the lawsuit filing said.

Court, Kalshi, Prediction Markets
The class action lawsuit against Kalshi. Source: Court Listener

Kalshi voided trading positions for the market after the death of Khamenei, the former Iranian Supreme Leader, was confirmed, meaning the market did not resolve to a “yes.”

“We don’t list markets directly tied to death. When there are markets where potential outcomes involve death, we design the rules to prevent people from profiting from death,” Kalshi co-founder Tarek Mansour said.

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Court, Kalshi, Prediction Markets
Source: Tarek Mansour

The plaintiffs characterized the carveout policy as “predatory” and an “unfair” business practice for this specific market. The lawsuit said:

“With an American naval armada amassed on Iran’s doorstep and military conflict not merely foreseeable but widely anticipated, consumers understood that the most likely, and in many cases the only realistic, mechanism by which an 85-year-old autocratic leader would ‘leave office’ was through his death. Defendants understood this as well.”

Mansour also announced reimbursements for users affected by the carveout policy, calculated using the “last traded price” for the market before the death of Khamenei was confirmed. The reimbursement policy also drew significant pushback from users. 

The plaintiffs in the lawsuit say that the methodology and precise timestamps used to calculate the “last traded price” for the prediction market were not disclosed or transparent. 

Related: Kalshi bans US politician over alleged insider trading violation

Kalshi co-founder fires back against lawsuit claims

Mansour maintained that Kalshi was simply adhering to its policy of not allowing “death markets” and said the policy was clearly stated in the market rules.

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Court, Kalshi, Prediction Markets
Source: Tarek Mansour

“Kalshi made no money here and even reimbursed all losses out of pocket. Not a single user walked away losing money from this market,” he said.

The incident came amid trading volumes on prediction markets surging to record highs in 2026, as the platforms gain popularity.

Magazine: IronClaw rivals OpenClaw, Olas launches bots for Polymarket — AI Eye