JPMorgan expands crypto-linked holdings toward $1 billion in Q3 filing
JPMorgan's third-quarter 13F filing shows its crypto-linked holdings approaching $1 billion, led by a $540 million position in BlackRock's spot bitcoin ETF and an expanded stake in Strategy.
JPMorgan held $540 million of BlackRock's IBIT bitcoin ETF as of Sept. 30, marking a 9.6% increase in its position from the prior quarter, according to reports by The Block and Wu Blockchain based on the bank's latest 13F filing. The bank's IBIT position reached 11.41 million shares. During the same period, JPMorgan added 224,545 Strategy shares, expanding its stake by roughly 36% quarter over quarter to 848,932 shares valued at about $131.3 million.[2][3][4][5]
In addition to its common equity holdings, the filing disclosed put options covering 1.15 million Strategy shares with an underlying value of roughly $177.6 million, exceeding the count of its direct shares, as well as approximately 1.58 million Coinbase shares. Decrypt reported that the bank's combined holdings across Bitcoin ETFs, Strategy, and Coinbase totaled roughly $981 million, with the broader footprint likely topping $1 billion once positions in Robinhood and crypto miners are factored in. The reported holdings reflect assets managed across JPMorgan-affiliated investment entities rather than solely proprietary bets.[1][4]
Key facts
- JPMorgan held $540 million across 11.41 million shares of BlackRock's IBIT bitcoin ETF as of Sept. 30, up 9.6% from the prior quarter.
- The bank raised its Strategy stake by roughly 36% to 848,932 shares worth about $131.3 million after buying 224,545 shares in Q3.
- JPMorgan disclosed put options covering 1.15 million Strategy shares with an underlying value of approximately $177.6 million.
- The 13F filing listed roughly 1.58 million Coinbase shares.
- JPMorgan held roughly $981 million across Bitcoin ETFs, Strategy, and Coinbase, a figure likely exceeding $1 billion when including Robinhood and crypto miners, according to Decrypt.
- The reported assets are managed across JPMorgan-affiliated investment entities and do not solely reflect proprietary positions.
Sources · 5 sources
- DE
DecryptArticle ·
JPMorgan’s Bitcoin and Crypto-Linked Holdings Approach $1 Billion The bank’s Q3 13F shows roughly $981 million across Bitcoin ETFs, Strategy and Coinbase—likely over $1 billion counting Robinhood and miners.
Open source - TB
The BlockArticle ·
JPMorgan reports 36% rise in Strategy share holdings and $540 million in BlackRock’s bitcoin ETF JPMorgan reported 224,545 more Strategy shares in the third quarter as its BlackRock bitcoin ETF holdings climbed to 11.4 million shares.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: JPMorgan held $540 million of BlackRock's IBIT bitcoin ETF as of Sept. 30, a 9.6% increase in its position from the prior quarter. The bank also raised its Strategy stake 36% to 848,932 shares, according to its latest 13F filing. https://t.co/SKa29N9fP5
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
JPMorgan Raises MSTR and IBIT Holdings While Holding More MSTR Put Exposure Than Stock JPMorgan’s latest 13F shows 848,932 Strategy shares worth about $131.3 million as of September 30, up roughly 36% quarter over quarter, alongside put options covering 1.15 million MSTR shares with an underlying value of about $177.6 million. The bank also held 11.41 million BlackRock IBIT shares worth about $540 million, up 9.6%, and roughly 1.58 million Coinbase shares. The holdings include assets managed across JPMorgan-affiliated investment entities and do not solely represent proprietary positions.
Open source - CO
CoinDesk@CoinDeskPost on X ·
MARKETS: @JPMorgan increased its $MSTR stake by 36% in Q3 to 848,932 shares, while also raising its $IBIT holdings to 11.4M shares worth $540M, per its latest 13F filing. https://t.co/xuBvzZebkM
Open source