Key Takeaways
- • JPMorgan Chase increased its Strategy (MSTR) common stock holdings by 36% to 848,932 shares, valued at about $131.3 million as of September 30, up from 624,387 shares at June 30, according to its SEC 13F filing reported by The Block.
- • JPMorgan raised its BlackRock spot bitcoin ETF position by 9.6% to 11,408,930 shares, worth about $540 million, from 10,407,635 shares at the end of the prior quarter.
- • Strategy shares closed at $114.41 on the latest Thursday, down about 6.5% on the day, which values JPMorgan's September 30 stake at roughly $97.1 million, about 26% below the filing valuation.
- • Bitcoin fell 7% over 24 hours to $68,408, its lowest level since August 20, underscoring how quickly crypto-linked 13F holdings can lose value between reporting dates.
- • The 13F also lists 1,581,814 Coinbase shares, stakes in Robinhood, and holdings in bitcoin miners Core Scientific, MARA Holdings, Riot Platforms, Hut 8 and CleanSpark.
Summary
JPMorgan Chase's latest quarterly U.S. Securities and Exchange Commission filing shows the bank expanding its exposure to crypto-linked equities and funds, according to a report by The Block. The filing, covering positions as of September 30, shows a 36% increase in JPMorgan's Strategy common stock holdings to 848,932 shares, up from 624,387 shares at June 30. At the end of September, when MSTR traded near $155, the position was valued at about $131.3 million.
The bank also raised its exposure to BlackRock's spot bitcoin exchange-traded fund by 9.6%, from 10,407,635 shares to 11,408,930 shares, worth roughly $540 million. Other crypto-related positions in the 13F include 1,581,814 Coinbase shares and stakes in Robinhood, as well as holdings in several bitcoin mining companies, including Core Scientific, MARA Holdings, Riot Platforms, Hut 8 and CleanSpark.
The reported values have shifted since the reporting date. Strategy shares closed Thursday at $114.41, down about 6.5% on the day, which would place JPMorgan's September 30 Strategy stake at roughly $97.1 million, about 26% below the filing valuation. Bitcoin also fell 7% over the previous 24 hours to $68,408, its lowest level since August 20.
The filing illustrates how quickly the market value of crypto-linked holdings can change between a quarterly 13F reporting date and current trading, a dynamic relevant to allocators tracking large bank exposure to digital assets.
The bank also raised its exposure to BlackRock's spot bitcoin exchange-traded fund by 9.6%, from 10,407,635 shares to 11,408,930 shares, worth roughly $540 million. Other crypto-related positions in the 13F include 1,581,814 Coinbase shares and stakes in Robinhood, as well as holdings in several bitcoin mining companies, including Core Scientific, MARA Holdings, Riot Platforms, Hut 8 and CleanSpark.
The reported values have shifted since the reporting date. Strategy shares closed Thursday at $114.41, down about 6.5% on the day, which would place JPMorgan's September 30 Strategy stake at roughly $97.1 million, about 26% below the filing valuation. Bitcoin also fell 7% over the previous 24 hours to $68,408, its lowest level since August 20.
The filing illustrates how quickly the market value of crypto-linked holdings can change between a quarterly 13F reporting date and current trading, a dynamic relevant to allocators tracking large bank exposure to digital assets.
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