JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs

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 224,545 shares from the 624,387 JPMorgan reported at June 30, when the same holding was valued at $57.87 million. Part of the dollar jump is the stock. Strategy’s 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%. The same filing shows a much larger bitcoin ETF line.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin Magazine.