đ¨ $BTC AMAZING! JPMORGAN NOW HAS ALMOST $1 BILLION IN BITCOIN
Jamie Dimonâs bankâthe same one that called Bitcoin âworthlessâ and compared it to a fraudârevealed in its third-quarter 13F filing that it now holds around $981 million in Bitcoin and crypto companies. To me, this proves that Wall Street can no longer ignore Bitcoin, even if its boss keeps speaking out against it.
Take a look at the detail no one is noticing:
â The biggest piece is BlackRockâs ETF (IBIT): 11,408,930 shares worth around $540 million, up 9.6% from the previous quarter, when they were worth $356 million; including Grayscale and Bitwise, its Bitcoin ETFs total around $549 million.
â It also increased its bet on Strategy by 36%: from 624,387 to 848,932 shares, worth around $131.3 million (up from $57.9 million), and its Coinbase position is around $301 million; including Robinhood and mining companies, the total exceeds $1 billion.
â The detail that changes everything: this is a snapshot as of September 30 and may include client positions, not a bet of its own; and since then, Bitcoin ETFs have bled $1.4 billion in 5 days, with BTC now below $69,000. JPMorgan also almost completely exited Ethereum: it cut its ETHA holdings from 1.17 million shares to just 399.
Do you think JPMorgan is seriously buying Bitcoin, or is it just holding it for its clients? đ
$BTC
#JPMorgan #Bitcoin #WallStreet
Jamie Dimonâs bankâthe same one that called Bitcoin âworthlessâ and compared it to a fraudârevealed in its third-quarter 13F filing that it now holds around $981 million in Bitcoin and crypto companies. To me, this proves that Wall Street can no longer ignore Bitcoin, even if its boss keeps speaking out against it.
Take a look at the detail no one is noticing:
â The biggest piece is BlackRockâs ETF (IBIT): 11,408,930 shares worth around $540 million, up 9.6% from the previous quarter, when they were worth $356 million; including Grayscale and Bitwise, its Bitcoin ETFs total around $549 million.
â It also increased its bet on Strategy by 36%: from 624,387 to 848,932 shares, worth around $131.3 million (up from $57.9 million), and its Coinbase position is around $301 million; including Robinhood and mining companies, the total exceeds $1 billion.
â The detail that changes everything: this is a snapshot as of September 30 and may include client positions, not a bet of its own; and since then, Bitcoin ETFs have bled $1.4 billion in 5 days, with BTC now below $69,000. JPMorgan also almost completely exited Ethereum: it cut its ETHA holdings from 1.17 million shares to just 399.
Do you think JPMorgan is seriously buying Bitcoin, or is it just holding it for its clients? đ
$BTC
#JPMorgan #Bitcoin #WallStreet
