JPMorgan Bitcoin and Crypto Holdings Near 1 Billion Dollars

JPMorgan Chase holds approximately 981 million dollars in crypto-linked stocks and funds as of September 30, according to a regulatory filing. This includes positions in spot Bitcoin ETFs, Michael Saylor's Strategy, and Coinbase. The total value of its holdings, including stakes in Robinhood and Bitcoin miners, likely exceeds 1 billion dollars. The largest holding is BlackRock's iShares Bitcoin Trust, with 11,408,930 shares valued at about 540 million dollars, reflecting a 9.6% increase from the previous quarter. JPMorgan's total exposure to spot Bitcoin ETFs is around 549 million dollars. The bank increased its stake in Strategy by 36% to 848,932 shares, valued at approximately 131.3 million dollars. Additionally, it holds a stake of about 301 million dollars in Coinbase. The 13F filing does not capture recent market movements and reflects JPMorgan's activity in the crypto market rather than directional bets. CEO Jamie Dimon has previously criticized Bitcoin, calling it worthless, while the bank expands its digital-asset services. Recently, JPMorgan issued its first Bitcoin price forecast and launched JPM Coin. The disclosure comes amid a decline in Bitcoin funds, with spot Bitcoin ETFs losing over 1.4 billion dollars in a recent five-day period.

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