哈佛加密持仓一年亏损超1.5亿美元，高点追涨BTC后清仓ETH

According to Odaily, on-chain analyst Ai Yi monitored that Harvard Management Company first established a cryptocurrency position during the market rally in the second quarter of 2025; in the third quarter, when BTC prices were near all-time highs, it significantly increased its holdings, with the number of shares rising by 257%. IBIT once accounted for 20% of its portfolio, becoming its largest public holding. During the market downturn in the fourth quarter, it reduced its BTC holdings while establishing a position in ETH, only to liquidate all ETH after holding it for a single quarter and exiting at a loss. Its BTC acquisition cost ranged from $107,000 to $114,000, while the ETH acquisition cost was $4,000. Within a year, it incurred losses exceeding $150 million in the crypto space.