JPMorgan Disclosed 36% More Strategy Shares at End of Q3, Filing Shows

JPMorgan reported a 36% larger position in Strategy (MSTR) in its third-quarter 13F filing, as of September 30, The Block reported on November 13. The bank held 848,932 shares, up 224,545 from 624,387 at the end of June. The Block valued the position at about $131.3 million, with MSTR trading near $155 at quarter-end.

Those figures are a snapshot that is now six weeks old. MSTR closed at $114.41 on Thursday, down about 6.5% on the day, The Block reported. At that price the September 30 stake would be worth roughly $97.1 million, about 26% less than the filing’s valuation.

The same filing showed 11,408,930 shares of BlackRock’s iShares Bitcoin Trust (IBIT), worth about $540 million and up 9.6% from 10,407,635 shares a quarter earlier, according to The Block. JPMorgan also held 1,581,814 Coinbase shares, plus stakes in Robinhood and miners including Core Scientific, MARA, Riot, Hut 8 and CleanSpark.

A 13F covers the whole bank and does not separate client, market-making and hedging positions from proprietary bets, so it cannot be read as a directional call. Benzinga noted the increase came before Strategy’s removal from MSCI indexes, which takes effect on November 30. Bitcoin fell about 7% over 24 hours to $68,408, its lowest since August 20, The Block said.

Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!

Sources:

• The Block: JPMorgan reports 36% rise in Strategy share holdings

• Benzinga: JPMorgan Raised Its MSTR Stake 36% Before Strategy’s MSCI Exit Blow