JPMorgan increased its bitcoin-related holdings in the third quarter, with its stake in Strategy, Inc. rising 36% to 848,932 shares as of September 30, 2026, according to its latest securities filing. The bank also reported a roughly $540 million holding in BlackRock’s bitcoin ETF. Strategy’s share price later declined, reducing the implied value of JPMorgan’s reported stake.
JPMorgan expanded bitcoin-related holdings through Strategy and BlackRock’s ETF
JPMorgan increased its holdings by 224,545 Strategy shares over the quarter, according to its 13F filing with the U.S. Securities and Exchange Commission. Its stake grew from 624,387 shares on June 30 to 848,932 shares at the end of September.
The filing put the value of JPMorgan’s Strategy position at approximately $131.3 million. Strategy shares traded at around $155 at the end of the September quarter.
The bank’s stake in BlackRock’s bitcoin ETF also increased 9.6% to 11,408,930 shares, from 10,407,635 shares at the end of the previous quarter. Its reported holding in the iShares Bitcoin Trust was worth approximately $540 million.
Portfolio also includes Coinbase, Robinhood and mining companies
JPMorgan’s reported bitcoin-related holdings also included crypto trading businesses and mining companies, beyond Strategy and the ETF. The filing listed 1,581,814 Coinbase shares and a stake in Robinhood.
The bank also reported positions in Core Scientific, CleanSpark, Hut 8, MARA Holdings and Riot Platforms. The mining stocks made up another part of the crypto-related securities disclosed in the filing.
Strategy’s share-price decline reduced the implied value of JPMorgan’s reported stake
Strategy closed Thursday at $114.41, down approximately 6.5% for the session. At that price, JPMorgan’s reported holding of 848,932 shares as of September 30 would have been worth about $97.1 million, roughly 26% less than its quarter-end valuation.
This 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 fallen 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.
