JPMorgan Chase filed a third-quarter Form 13F report with the SEC. According to the filing, the bank bought 224,545 shares of Strategy (MSTR) during the quarter and held 848,932 shares as of September 30. That was 36% more than at the end of June, when the bank held 624,387 shares. The filing valued the stake at about $131.3 million: at the end of September, MSTR was trading at around $155.
The bank’s position in BlackRock’s bitcoin ETF (IBIT) grew by 9.6%, from 10.4 million to 11.4 million shares. It is now worth around $540 million.
Among the bank’s other crypto-related holdings are 1.58 million Coinbase shares, a stake in Robinhood, and positions in mining companies: Core Scientific, MARA, Riot Platforms, Hut 8, and CleanSpark.
Strategy shares fell about 6.5% on Thursday, closing at $114.41. At that price, JPMorgan’s stake would be worth around $97 million, about 26% less than reported.
JPMorgan owns $131.3 million worth of Strategy shares