Harvard invests in Bitcoin and gold, cuts big stakes in Meta and Alphabet

Harvard Management Company, which oversees Harvard University’s $51 billion endowment, reported new investments in Bitcoin and gold during the second quarter of 2025, according to SEC filings.

The endowment purchased more than 1.9 million shares of the iShares Bitcoin Trust ETF, valued at approximately $117 million, and 333,000 shares of the SPDR Gold Shares ETF, worth $101.5 million.

At the same time, Harvard returned to Amazon stock, acquiring 1 million shares valued at $235 million.

The quarterly report also revealed significant reductions in technology holdings. The endowment cut its stake in Meta Platforms by 67%, reduced Broadcom by 40%, and trimmed Alphabet (Google’s parent company) by 10%. Additionally, it fully exited its positions in Uber (885,000 shares, $65 million) and Rubrik (132,000 shares, $8.1 million).

Meanwhile, Harvard increased exposure to Microsoft by 48% and to Nvidia by 30%, while selling all holdings of the Invesco QQQ ETF, previously valued at $99.3 million.