JPMorgan Lifts Strategy Stake 36% and Holds $540M in BlackRock’s Bitcoin ETF

JPMorgan Chase raised its stake in Strategy (MSTR) by 36% in the third quarter, according to a filing with US regulators on Thursday. The bank’s Form 13F lists 848,932 Strategy shares as of September 30, up from 624,387 at the end of June. That position was worth $131.3 million at quarter end, against $57.9 million three months earlier. The same report shows 11,408,930 shares of BlackRock’s iShares Bitcoin Trust (IBIT), worth $540 million. JPMorgan’s June filing listed 10,407,635 IBIT shares, valued at $355.7 million. Managers file a 13F within 45 days of each quarter’s end, according to the SEC. The filing covers the stocks and funds over which a manager has investment discretion. JPMorgan’s filing lists 17 affiliated managers and 35,990 entries worth $1.84 trillion.

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