Swiss National Bank holds $109.3 million in Strategy shares, a side door to Bitcoin

The SNB trimmed its Strategy stake by 22,200 shares but still owns 714,100, gaining indirect Bitcoin exposure it says it won't take directly The Swiss National Bank owns 714,100 shares of Strategy, a position worth $109.3 million. That is notable for one reason. Strategy is, for most practical purposes, a Bitcoin holding company with a stock ticker. Switzerland’s central bank, meanwhile, has repeatedly said Bitcoin doesn’t belong in its reserves. The SNB won’t buy Bitcoin through the front door. It does hold a stake in the company that owns the most of it. The disclosure reflects the SNB’s holdings as of September 30, 2026. The position covers 714,100 shares of Strategy Inc ., which trades under the ticker MSTR.

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