JPMorgan Increases MSTR and IBIT Holdings Despite Larger Put Exposure

The post JPMorgan Increases MSTR and IBIT Holdings Despite Larger Put Exposure appeared first on Coinpedia Fintech News

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 …