{"id":52342,"date":"2026-11-12T16:19:17","date_gmt":"2026-11-12T16:19:17","guid":{"rendered":"https:\/\/cryptd.in\/jpmorgan-lifts-its-strategy-mstr-stake-36-and-holds-540-million-in-bitcoin-etfs\/"},"modified":"2026-11-12T16:19:17","modified_gmt":"2026-11-12T16:19:17","slug":"jpmorgan-lifts-its-strategy-mstr-stake-36-and-holds-540-million-in-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lv\/jpmorgan-lifts-its-strategy-mstr-stake-36-and-holds-540-million-in-bitcoin-etfs\/","title":{"rendered":"JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/06\/JPMorgan-Bitcoin-Mining-Costs-Have-Worsened-as-BTC-Trades-Below-Production-Cost.jpg\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/markets\/jpmorgan-lifts-strategy-mstr-stake-36\">JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">JPMorgan Chase raised its Strategy (MSTR) stake 36% in the third quarter, a Form 13F <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/19617\/000001961726000404\/0000019617-26-000404-index.htm\" target=\"_blank\" rel=\"noopener\">filed<\/a> Thursday shows, lifting the position to 848,932 shares worth $131.3 million at Sept. 30, weeks before an MSCI index exit.<\/p>\n<p class=\"wp-block-paragraph\">That is up 224,545 shares from the 624,387 JPMorgan <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/19617\/000001961726000325\/0000019617-26-000325-index.htm\" target=\"_blank\" rel=\"noopener\">zi\u0146oja .<\/a> at June 30, when the same holding was valued at $57.87 million. Part of the dollar jump is the stock. Strategy\u2019s 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%.<\/p>\n<p class=\"wp-block-paragraph\">The same filing shows a much larger bitcoin ETF line. JPMorgan held 11,408,930 shares of BlackRock\u2019s iShares Bitcoin Trust (IBIT) worth $539.98 million at Sept. 30, up 1,001,295 shares, or 9.6%, from 10,407,635 shares worth $355.73 million three months earlier. Rounded to the nearest million, that IBIT line is the $540 million bitcoin ETF stake.<\/p>\n<p class=\"wp-block-paragraph\">Smaller positions in other spot funds added a little more. The bank also held 155,785 shares of Grayscale\u2019s Bitcoin Mini Trust worth $5.76 million and 66,264 shares of the Bitwise Bitcoin ETF worth $3.00 million, plus much smaller lines in Fidelity\u2019s Wise Origin Bitcoin Fund, Grayscale\u2019s Bitcoin Trust and Invesco\u2019s Galaxy Bitcoin ETF. Together, the spot bitcoin ETF shares came to about $549 million. Option positions are listed separately and are not part of that total.<\/p>\n<p class=\"wp-block-paragraph\">JPMorgan filed a holdings report that folds in positions across 17 other included managers, so the Strategy and IBIT lines can include client, fund and discretionary positions rather than a single proprietary bet, and the firm may have changed those holdings since Sept. 30. The table lists 35,990 entries valued at $1.84 trillion. Executive Director Michael T. Lees signed the report in New York on Nov. 12.<\/p>\n<h2 class=\"wp-block-heading\">Options sit beside the share totals, not inside the $540 million<\/h2>\n<p class=\"wp-block-paragraph\">The $540 million figure is shares only. JPMorgan also reported IBIT call options covering 3,703,200 shares, valued at $175.27 million, and put options covering 2,915,000 shares, valued at $137.97 million.<\/p>\n<p class=\"wp-block-paragraph\">The Strategy options are larger still, relative to the common stock. The filing lists put options covering 1,148,500 Strategy shares, valued at $177.64 million, more than the $131.3 million stock line, and call options covering 349,500 shares, valued at $54.06 million. A 13F does not say whether those options are hedges, market-making inventory or client positions, and they should not be read as a single directional bet.<\/p>\n<p class=\"wp-block-paragraph\">Other bitcoin-linked equities showed up as well. JPMorgan held 1,581,814 shares of Coinbase (COIN) worth $300.58 million, up 13% from June, and 128,788 shares of Strive (ASST) worth $3.77 million, a 179% increase in the share count. Bank of New York Mellon, in a 13F filed Nov. 5, <a href=\"https:\/\/bitcoinmagazine.com\/news\/bny-mellon-raises-strive-asst-stake-28\">raised<\/a> its own Strive stake 28% to 237,100 shares.<\/p>\n<h2 class=\"wp-block-heading\">The filing lands as Strategy slides and bitcoin stays under $72,000<\/h2>\n<p class=\"wp-block-paragraph\">The Sept. 30 snapshot is already dated in one important way. MSCI is <a href=\"https:\/\/bitcoinmagazine.com\/markets\/msci-removes-strategy-mstr-usa-index\">removing<\/a> Strategy from its MSCI USA Index after the close on Nov. 30, a step that also takes the stock out of the MSCI World and ACWI indexes. Strategy shares traded near $114.60 Thursday morning, down about 6% on the day. At that price, the 848,932 shares reported at quarter-end would be worth about $97 million, below the $131.3 million marked on the 13F.<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-falls-below-72000\">traded<\/a> near $71,300 Thursday morning, still below $72,000 after slipping through that level earlier in the session. That move is not reflected in the filing, which stops at Sept. 30.<\/p>\n<p class=\"wp-block-paragraph\">Institutional managers that exercise investment discretion over $100 million or more in 13F securities have 45 days after quarter-end to disclose those holdings. That window ran to Nov. 14, a Saturday, so the deadline is Monday, Nov. 16. Wells Fargo, Millennium Management and Schonfeld Strategic Advisors had not appeared on the SEC\u2019s EDGAR system as of Thursday morning.<\/p>\n<p class=\"wp-block-paragraph\">The filing does not show what JPMorgan did after Sept. 30, as bitcoin fell and MSCI announced the Strategy deletion. The record it left is 848,932 Strategy shares, up 36%, and nearly $540 million in IBIT.<\/p>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/markets\/jpmorgan-lifts-strategy-mstr-stake-36\">JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/micahzimmerman\">Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lv\/jpmorgan-lifts-its-strategy-mstr-stake-36-and-holds-540-million-in-bitcoin-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"lv_LV\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"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. 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