JPMorgan and affiliated investment managers reported holding 848,932 Strategy shares worth about $131.3 million and 11.41 million shares of BlackRock’s bitcoin ETF IBIT worth about $540 million as of Sept. 30. They also reported about 1.58 million Coinbase shares worth $300.6 million.
The filing combines holdings across 17 affiliated managers, so the shares may be held for clients or other businesses rather than JPMorgan’s corporate treasury. It also lists put and call options on Strategy and IBIT, and puts on Coinbase. The filing captures positions only as of Sept. 30 and does not disclose the options’ terms or investment rationale; it cannot show whether JPMorgan expects Strategy shares to fall.
