JPMorgan's bitcoin-related holdings grew in Q3 as its Strategy stake rose 36% and BlackRock bitcoin ETF position rose 9.6%.

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JPMorgan’s bitcoin-related holdings grew in the third quarter, with its Strategy, Inc. stake rising 36% to 848,932 shares as of September 30, 2026, its latest securities filing shows. The bank also reported about $540 million in BlackRock’s bitcoin ETF, while a subsequent decline in Strategy’s share price reduced the implied value of that reported stake.

Summary

JPMorgan’s bitcoin-related holdings grew through Strategy and BlackRock’s ETF

According to its 13F filing with the U.S. Securities and Exchange Commission, JPMorgan boosted its holdings by 224,545 Strategy shares over the quarter, pushing its stake from 624,387 shares on June 30 up to 848,932 shares by the end of September.

The filing valued the Strategy position at approximately $131.3 million. Strategy stock traded around $155 at the September quarter-end.

Meanwhile, the bank’s stake in BlackRock’s bitcoin ETF climbed 9.6% to 11,408,930 shares, up from 10,407,635 shares held at the close of the prior quarter. The reported holding in the iShares Bitcoin Trust was worth approximately $540 million.

Coinbase, Robinhood and miners feature in the portfolio

JPMorgan’s reported bitcoin-related holdings extended beyond Strategy and the ETF to crypto trading businesses and mining companies. The filing listed 1,581,814 Coinbase shares, alongside a stake in Robinhood.

The bank also reported positions in Core Scientific, CleanSpark, Hut 8, MARA Holdings and Riot Platforms. Those mining stocks formed another part of the crypto-related securities disclosed in the filing.

Strategy’s decline lowered the reported stake’s implied value

Strategy closed Thursday at $114.41, down approximately 6.5% for the session. At that price, the 848,932 shares JPMorgan reported holding on September 30 would have been worth about $97.1 million—roughly 26% below their quarter-end valuation.

That comparison applies the later closing price to the share count in the filing; it is not a newly reported portfolio valuation.

In the market snapshot reported on November 13, Bitcoin had also dropped 7% over the preceding 24 hours to $68,408, its lowest level since August 20.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

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