The country’s oldest and richest university supersized its wager on the cryptocurrency last quarter, ramping up its holdings in iShares Bitcoin Trust ETF to nearly half a billion dollars. Harvard could have gotten out unscathed—or even with a small gain—if the school had sold its holdings in early October, before prices dropped. The average price Harvard paid couldn’t be learned but if the school still holds some or all of the 4.9 million shares it bought last quarter, the best-case scenario would be a 14% loss on those holdings.