Harvard University has announced its first-ever purchase of Ethereum, valued at $87 million.
This marks the university’s addition to its $265 million Bitcoin holdings, further cementing its commitment to digital assets.
Experts say that Harvard’s combination of Bitcoin and Ethereum is part of a diversified investment strategy that spreads risk. Interestingly, Binance founder Changpeng Zhao joked on social media, asking, “What’s next? Altcoins?”
What began as an experiment at a handful of US universities in 2018 has now become a long-term strategic policy for universities around the world, further cementing institutional acceptance of the crypto sector.
