Harvard's crypto holdings lost over $150 million in a year, selling off ETH after chasing BTC at its peak

According to on-chain analyst Ai Yi's monitoring, Harvard Management Company first established a position in cryptocurrency during the market rise in the second quarter of 2025; in the third quarter, when the BTC price approached historical highs, it significantly increased its holdings, with the number of shares increasing by 257%. IBIT once accounted for 20% of its holdings, making it its largest public position; during the market pullback in the fourth quarter, it reduced its BTC holdings while establishing a position in ETH, clearing all ETH after holding it for only one quarter and exiting at a loss.

Its BTC acquisition cost ranged from $107,000 to $114,000, and the ETH acquisition cost was $4,000, resulting in a loss of over $150 million in the cryptocurrency sector within a year.