JPMorgan raises bitcoin fund holdings to nearly $540 million
The bank filed a report showing big buys. It added millions in bitcoin funds.
JPMorgan Chase raised its Strategy stake 36% in the third quarter, a Form 13F filed Thursday shows. The filing lifts the position to 848,932 shares worth $131.3 million at September 30. That is up 224,545 shares from June 30, when the holding was valued at $57.87 million.
JPMorgan held 11,408,930 shares of BlackRock's iShares Bitcoin Trust worth $539.98 million at September 30, up 9.6% from three months earlier. The bank also held 1,581,814 shares of Coinbase worth $300.58 million, up 13% from June. Executive Director Michael T. Lees signed the report in New York on November 12. Bitcoin traded near $71,300 Thursday morning.
About JPMorgan Chase
American multinational banking and financial services holding company
- Share price
- $346.19+0.98% last trading day
- Market value
- $686 billion2025
- Revenue
- $178 billiona year, 2024
- Founded
- 1968
- Based in
- New York City
- Chief executive
- Jamie Dimon
- Owned by
- ShareholdersNYSE: JPM
From Wikipedia and Yahoo Finance. Figures can be a year or two old.
Figures as reported by Bitcoin Magazine.
