JPMorgan boosts Strategy, BlackRock bitcoin ETF holdings in latest U.S. filing

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JPMorgan and BlackRock ETF holdings

Large U.S. banks are continuing to disclose sizable crypto-linked equity and fund positions through quarterly regulatory filings. JPMorgan Chase's latest filing shows higher stakes in Strategy and BlackRock's spot bitcoin ETF, alongside holdings in Coinbase, Robinhood and several bitcoin miners.

Highlights

JPMorgan Chase increased its Strategy common stock holdings by 36% to 848,932 shares worth $131.3 million as of September 30.
JPMorgan raised its BlackRock bitcoin ETF exposure by 9.6% to 11,408,930 shares valued at about $540 million in its latest U.S. SEC filing.
Strategy shares closed Thursday at $114.41, placing JPMorgan's stake value at $97.1 million—about 26% below the September 30 filing valuation amid a 6.5% daily drop.

Quarterly filing shows larger crypto exposure

The bank also raised its exposure to BlackRock's bitcoin exchange-traded fund to 11,408,930 shares worth about $540 million. That marked a 9.6% increase from 10,407,635 shares at the end of the previous quarter.

Other crypto-related positions in the latest 13F include 1,581,814 Coinbase shares as well as stakes in Robinhood. JPMorgan also reported holdings in bitcoin mining companies including Core Scientific, MARA Holdings, Riot Platforms, Hut 8 and CleanSpark.

Market moves reshape current stake values

Bitcoin also falls 7% over the previous 24 hours to $68,408, its lowest level since Aug. 20. The moves highlight how quickly the value of crypto-linked holdings can change between the reporting date in a quarterly filing and current market trading.

We recently wrote about the JQQQ blockchain fund, which launched to give digital access to the Nasdaq-100 Index.