JPMorgan says 13F shows larger Strategy, IBIT and Coinbase holdings
JPMorgan's latest 13F filing shows it held about $131m of Strategy shares and roughly $540m of BlackRock's IBIT at the end of September, alongside large option positions.
Why it matters: The filing shows Bitcoin ETFs, Strategy and Coinbase appearing across a major bank's disclosed holdings, though the large options book suggests hedging and trading rather than a simple long bet.
Key points
- JPMorgan and affiliates held 848,932 Strategy shares worth about $131m at 30 Sept, up 36% from 624,387 three months earlier.
- IBIT holdings reached 11.41 million shares valued at about $540m, up 9.6% from about 10.41 million at the end of June.
- Affiliates held about 1.58 million Coinbase shares worth roughly $301m, plus put options on 1.18 million more.
JPMorgan's latest Form 13F shows the bank and its affiliated entities expanded their exposure to the public crypto market in the third quarter, Bitcoin.com News reports. The filing records larger holdings in Bitcoin treasury company Strategy and in BlackRock's iShares Bitcoin Trust ETF, alongside a sizeable Coinbase position.
Affiliates held about 1.58 million Coinbase shares worth roughly $301m, plus puts on 1.18 million more and several bond positions.
A 13F does not give strike prices, expiry dates or rationale, and captures positions only as of 30 Sept.
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