Key Takeaways
- • JPMorgan Chase increased its Strategy (MSTR) holdings by 224,545 shares in Q3, a 36% rise to 848,932 shares as of Sept. 30, according to its latest 13F filing with the SEC.
- • The reported MSTR position was valued at approximately $131.3 million at the end of September, when MSTR traded near $155.
- • JPMorgan lifted its exposure to BlackRock's bitcoin ETF by 9.6% to 11,408,930 shares, worth approximately $540 million.
- • At Thursday's closing price of $114.41, the Sept. 30 stake would be worth about $97.1 million, roughly 26% below the filing's valuation, per The Block's MSTR price page.
- • Bitcoin fell 7% over 24 hours to $68,408, its lowest level since Aug. 20.
Summary
JPMorgan Chase increased its holdings in Strategy, Inc. (MSTR) by 224,545 shares during the third quarter, bringing its position to 848,932 shares as of September 30, according to the bank's latest 13F filing with the U.S. Securities and Exchange Commission. The increase represents 36% over the 624,387 shares reported as of June 30. The filing valued the position at approximately $131.3 million at the end of September, when MSTR traded at around $155.
The bank also expanded its exposure to BlackRock's bitcoin exchange-traded fund, reporting 11,408,930 shares worth approximately $540 million. That was up 9.6% from 10,407,635 shares at the end of the previous quarter.
Other crypto-related holdings in the filing include 1,581,814 Coinbase shares and stakes in Robinhood. JPMorgan also held positions in bitcoin mining companies including Core Scientific, MARA Holdings, Riot Platforms, Hut 8, and CleanSpark.
Market prices have moved since quarter-end. Strategy shares closed Thursday at $114.41, down approximately 6.5% on the day, according to The Block's MSTR price page. At that price, JPMorgan's reported September 30 stake would be worth about $97.1 million, roughly 26% below the filing's valuation. Bitcoin also fell 7% over the previous 24 hours to $68,408, its lowest level since August 20.
The bank also expanded its exposure to BlackRock's bitcoin exchange-traded fund, reporting 11,408,930 shares worth approximately $540 million. That was up 9.6% from 10,407,635 shares at the end of the previous quarter.
Other crypto-related holdings in the filing include 1,581,814 Coinbase shares and stakes in Robinhood. JPMorgan also held positions in bitcoin mining companies including Core Scientific, MARA Holdings, Riot Platforms, Hut 8, and CleanSpark.
Market prices have moved since quarter-end. Strategy shares closed Thursday at $114.41, down approximately 6.5% on the day, according to The Block's MSTR price page. At that price, JPMorgan's reported September 30 stake would be worth about $97.1 million, roughly 26% below the filing's valuation. Bitcoin also fell 7% over the previous 24 hours to $68,408, its lowest level since August 20.
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