Harvard University's endowment holds $1.17 billion worth of the BlackRock Bitcoin Spot ETF, surpassing its investment in Google's parent company, Alphabet.

BlockBeats News, August 9th, according to The Block, disclosed on Friday revealed that Harvard University's endowment held a $117 million stake in the Bitwise Bitcoin ETF at the end of the second quarter.

This Bitcoin ETF investment ranked as the fifth-largest holding for the university, slightly higher than its investment in Google's parent company, Alphabet. The filings show that Harvard held nearly $114 million worth of Alphabet stock at the end of the quarter.

The Ivy League school's endowment is managed by Harvard Management Company. At the end of the last quarter, its largest holding was in Microsoft stock, valued at over $3.1 billion.