According to Mars Finance, Bitwise CIO Matt Hougan posted on X that Harvard University increased its Bitcoin investment from $117 million to $443 million in the third quarter. At the same time, it raised its allocation to gold ETFs from $102 million to $235 million. Harvard decided to make a devaluation trade, with its Bitcoin allocation being twice that of gold.
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Harvard University increases Bitcoin investment to $443 million, allocation higher than gold
According to Mars Finance, Bitwise CIO Matt Hougan posted on X that Harvard University increased its Bitcoin investment from $117 million to $443 million in the third quarter. At the same time, it raised its allocation to gold ETFs from $102 million to $235 million. Harvard decided to make a devaluation trade, with its Bitcoin allocation being twice that of gold.