JPMorgan increased its exposure to Strategy (MSTR) and BlackRock’s Bitcoin ETF (IBIT) in the third quarter, according to its latest 13F filing. The bank held 848,932 MSTR shares worth approximately $131.3 million as of September 30, up 36% from the previous quarter. However, its put options covered 1.15 million MSTR shares, representing an underlying value of $177.6 million. JPMorgan also increased its IBIT holdings by 9.6% to 11.41 million shares worth around $540 million. Additionally, it held approximately 1.58 million Coinbase shares. These holdings include assets managed by JPMorgan-affiliated entities, not just the bank’s proprietary investments.

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