#StrategyBTCPurchase
Harvard University's endowment fund recently adjusted its cryptocurrency strategy, reducing its Bitcoin exposure by 21% and investing $86.8 million in Ethereum. This move indicates a shift towards diversification in their crypto portfolio. Some experts view this as a strategic move, while others question the valuation and risk management of such investments.
*Key Points:*
- *Bitcoin Reduction:* Harvard trimmed its Bitcoin ETF shares by 21%, valuing the remaining stake at $265.8 million.
- *Ethereum Investment:* The fund acquired nearly 4 million shares of Ethereum ETF, marking its first exposure to the asset.
- *Expert Opinions:* Finance professors from UCLA and University of Washington criticized Harvard's crypto strategy, citing concerns about valuation and portfolio risk management.
