{"id":250792,"date":"2026-11-12T16:19:17","date_gmt":"2026-11-12T16:19:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=250792"},"modified":"2026-11-12T16:19:17","modified_gmt":"2026-11-12T16:19:17","slug":"jpmorgan-lifts-its-strategy-mstr-stake-36-and-holds-540-million-in-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=250792","title":{"rendered":"JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs<\/a><\/p>\n

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JPMorgan Chase raised its Strategy (MSTR) stake 36% in the third quarter, a Form 13F filed<\/a> Thursday shows, lifting the position to 848,932 shares worth $131.3 million at Sept. 30, weeks before an MSCI index exit.<\/p>\n

That is up 224,545 shares from the 624,387 JPMorgan reported<\/a> at June 30, when the same holding was valued at $57.87 million. Part of the dollar jump is the stock. Strategy\u2019s implied price on the two filings rose from $92.68 at June 30 to $154.67 at Sept. 30, so the disclosed stake more than doubled in value even though the share count rose 36%.<\/p>\n

The same filing shows a much larger bitcoin ETF line. JPMorgan held 11,408,930 shares of BlackRock\u2019s iShares Bitcoin Trust (IBIT) worth $539.98 million at Sept. 30, up 1,001,295 shares, or 9.6%, from 10,407,635 shares worth $355.73 million three months earlier. Rounded to the nearest million, that IBIT line is the $540 million bitcoin ETF stake.<\/p>\n

Smaller positions in other spot funds added a little more. The bank also held 155,785 shares of Grayscale\u2019s Bitcoin Mini Trust worth $5.76 million and 66,264 shares of the Bitwise Bitcoin ETF worth $3.00 million, plus much smaller lines in Fidelity\u2019s Wise Origin Bitcoin Fund, Grayscale\u2019s Bitcoin Trust and Invesco\u2019s Galaxy Bitcoin ETF. Together, the spot bitcoin ETF shares came to about $549 million. Option positions are listed separately and are not part of that total.<\/p>\n

JPMorgan filed a holdings report that folds in positions across 17 other included managers, so the Strategy and IBIT lines can include client, fund and discretionary positions rather than a single proprietary bet, and the firm may have changed those holdings since Sept. 30. The table lists 35,990 entries valued at $1.84 trillion. Executive Director Michael T. Lees signed the report in New York on Nov. 12.<\/p>\n

Options sit beside the share totals, not inside the $540 million<\/h2>\n

The $540 million figure is shares only. JPMorgan also reported IBIT call options covering 3,703,200 shares, valued at $175.27 million, and put options covering 2,915,000 shares, valued at $137.97 million.<\/p>\n

The Strategy options are larger still, relative to the common stock. The filing lists put options covering 1,148,500 Strategy shares, valued at $177.64 million, more than the $131.3 million stock line, and call options covering 349,500 shares, valued at $54.06 million. A 13F does not say whether those options are hedges, market-making inventory or client positions, and they should not be read as a single directional bet.<\/p>\n

Other bitcoin-linked equities showed up as well. JPMorgan held 1,581,814 shares of Coinbase (COIN) worth $300.58 million, up 13% from June, and 128,788 shares of Strive (ASST) worth $3.77 million, a 179% increase in the share count. Bank of New York Mellon, in a 13F filed Nov. 5, raised<\/a> its own Strive stake 28% to 237,100 shares.<\/p>\n

The filing lands as Strategy slides and bitcoin stays under $72,000<\/h2>\n

The Sept. 30 snapshot is already dated in one important way. MSCI is removing<\/a> Strategy from its MSCI USA Index after the close on Nov. 30, a step that also takes the stock out of the MSCI World and ACWI indexes. Strategy shares traded near $114.60 Thursday morning, down about 6% on the day. At that price, the 848,932 shares reported at quarter-end would be worth about $97 million, below the $131.3 million marked on the 13F.<\/p>\n

Bitcoin traded<\/a> near $71,300 Thursday morning, still below $72,000 after slipping through that level earlier in the session. That move is not reflected in the filing, which stops at Sept. 30.<\/p>\n

Institutional managers that exercise investment discretion over $100 million or more in 13F securities have 45 days after quarter-end to disclose those holdings. That window ran to Nov. 14, a Saturday, so the deadline is Monday, Nov. 16. Wells Fargo, Millennium Management and Schonfeld Strategic Advisors had not appeared on the SEC\u2019s EDGAR system as of Thursday morning.<\/p>\n

The filing does not show what JPMorgan did after Sept. 30, as bitcoin fell and MSCI announced the Strategy deletion. The record it left is 848,932 Strategy shares, up 36%, and nearly $540 million in IBIT.<\/p>\n

This post JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs JPMorgan Chase raised its Strategy (MSTR) stake 36% in the third quarter, a Form 13F filed Thursday shows, lifting the position to 848,932 shares worth $131.3 million at Sept. 30, weeks before an MSCI index exit. That is up […]<\/p>\n","protected":false},"author":0,"featured_media":250793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-250792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250792"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=250792"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/250793"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}