According to JPMorgan's portfolio filing for Q3, the banking giant increased its position in Strategy by 36%, which stood at 848,932 shares valued at $131.3 million at the end of September, up from 624,387 shares reported three months earlier. JPMorgan's position in BlackRock's iShares Bitcoin Trust (IBIT) rose to 11.4 million shares, valued at $540 million, compared with 10.4 million shares valued at $355.7 million in June, a 52% increase in market value.
These purchases come as MSCI confirmed Strategy's removal from its main stock indices effective November 30, and Bitcoin fell below $69,000 this morning, reaching its lowest level since August. Over the past 24 hours, liquidations in the cryptocurrency market reached $1.6 billion, of which more than $1.3 billion were long positions.
$AKE
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These purchases come as MSCI confirmed Strategy's removal from its main stock indices effective November 30, and Bitcoin fell below $69,000 this morning, reaching its lowest level since August. Over the past 24 hours, liquidations in the cryptocurrency market reached $1.6 billion, of which more than $1.3 billion were long positions.
$AKE
$SHELL
$BTC