I’ll have more to say about Harvard’s large BTC position that was disclosed yesterday (see below). It’s certainly one of the most important ownership disclosures since the inception of the Bitcoin ETFs. It will have an impact in the endowment space as well as the broader asset management sector. But there was another interesting tidbit in yesterday’s filing that I haven’t seen mentioned anywhere: Harvard bought $101 million of gold during the second quarter. This is a new position. Highlighted in the filing here: