JPMorgan’s Bitcoin ETF Position Reaches $540 Million; Strategy Share Count Also Rises

According to a filing JPMorgan submitted to the SEC, its share count in BlackRock’s spot Bitcoin ETF rose about 10% in the third quarter, while its share count in Strategy rose 36%.

According to the filing reported by The Block, JPMorgan disclosed that it held 11.4 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) at the end of September. The position was worth approximately $540 million on September 30.

Strategy position exceeds $131 million

The 624,387 Strategy shares disclosed at the end of June rose to 848,932 by the end of September. The position was worth approximately $131.3 million at quarter-end. The filing also listed 1.58 million Coinbase shares, as well as stakes in Robinhood and several publicly traded Bitcoin mining companies.

Not investment advice.