”Harvard University also invests in Bitcoin”... Coinbase stock price jumps 3% as cryptocurrency surges

The previous day, shares of Coinbase, the largest cryptocurrency exchange in the United States, jumped about 3% as Bitcoin surged.
Coinbase surged 2.92% on the New York Stock Exchange on the 11th (local time).
The price reached $319.62 (47,000 yen). This was due to the sudden rise in crypto assets across the board the previous day. The previous day, it was reported that the prestigious American university, Harvard University, was also investing in Bitcoin.
Following the news, crypto assets rose across the board. Harvard University is currently known to hold a $120 million Bitcoin exchange-traded fund (ETF).
This is the fifth largest investment portfolio in Harvard University's entire portfolio. Following this news, Bitcoin in particular soared to $122,321, reaching an all-time high.
As Bitcoin rose, Coinbase also rose. Meanwhile, major virtual currencies are currently falling, albeit slightly, in unison.
This is likely due to investors taking a wait-and-see stance ahead of the release of the Consumer Price Index (CPI).