Harvard University's investment portfolio holds $117 million worth of BlackRock's Bitcoin spot ETF, exceeding Google's parent company Alphabet's investment.

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On August 9, according to The Block, documents disclosed on Friday showed that Harvard University's portfolio held $117 million worth of BlackRock's spot Bitcoin ETF at the end of the second quarter.

This Bitcoin ETF investment ranked fifth in the school's holdings, slightly higher than its investment in Alphabet, Google's parent company. Documents showed that Harvard held nearly $114 million worth of Alphabet stock at the end of that financial quarter.

The portfolio, managed by Harvard Management Company, had Microsoft stock as its largest holding at the end of the previous quarter, valued at over $310 million.

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