Story: Harvard makes major ethereum purchase, sources say

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Harvard has purchased millions in Ether, according to sources familiar with the matter. This move marks a significant shift for the American university, which traditionally…

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The Cambridge institution joins the growing trend of major universities adopting cryptocurrencies.

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Harvard has not made an official comment yet.

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The exact amount remains confidential, but several sources describe it as a "substantial" investment for the endowment fund managed by N.P. Narvekar.

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CoinDesk reports that 15% of American university funds now have crypto exposure, up from 8% last year. It's rising quickly.

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On February 18, Stanford also announced it is exploring entry into the crypto market, sparking heated debates within its board.

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Fidelity Investments plans to expand its crypto services for institutions, making it easier for entities like Harvard to access digital assets.

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Chainalysis reveals that institutional transactions on Ethereum hit a historic peak in February 2026.

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But beware of the risks. Several analysts warn about the unpredictability of crypto prices. Institutional interest is positive but does not guarantee long-term stability.

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Contacted during a press conference on February 21, a Harvard spokesperson declined to comment on specifics.

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Other universities are closely watching Harvard's results. If the investment proves profitable, it could trigger a broader wave of adoption in the educational sector.

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The university has an endowment fund of $53.2 billion, managed by the Harvard Management Company since 1974.

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BlackRock and Grayscale report a surge in institutional inflows into their Ethereum ETFs since January 2026. Universities now account for 12% of these flows, up from 3% a year ago.

The Currency Analytics

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