BTC tagged 67.8K this morning, 1.29B dollars got liquidated in 24h, and meanwhile the bank whose CEO called bitcoin a fraud is sitting on close to 1B dollars of crypto exposure.
JPMorgan filed its Q3 13F on Nov 12. As of Sept 30 it held:
11.4M shares of BlackRock's IBIT, worth about 540M dollars, up 9.6% in shares from last quarter
848,932 shares of Strategy, up 36% QoQ, valued around 131.3M dollars
1.58M Coinbase shares, roughly 301M dollars
plus Robinhood and miners like MARA, Riot, Hut 8, Core Scientific and CleanSpark
Decrypt adds it up to about 981M across BTC ETFs, Strategy and Coinbase, likely over 1B once you count the rest.
Fair caveat though. This is a snapshot from Sept 30, before the recent ETF outflows, and a bank this size holds a lot of this for clients and hedging, not just as a price bet. MSTR also closed at 114.41 on Thursday, so that stake alone is down roughly 26% since the filing date.
Still, the big money is clearly not leaving the room while retail panics.
Bullish signal for later, or just market making noise to you?
$BTC #Bitcoin #JPMorgan #CryptoNews
JPMorgan filed its Q3 13F on Nov 12. As of Sept 30 it held:
11.4M shares of BlackRock's IBIT, worth about 540M dollars, up 9.6% in shares from last quarter
848,932 shares of Strategy, up 36% QoQ, valued around 131.3M dollars
1.58M Coinbase shares, roughly 301M dollars
plus Robinhood and miners like MARA, Riot, Hut 8, Core Scientific and CleanSpark
Decrypt adds it up to about 981M across BTC ETFs, Strategy and Coinbase, likely over 1B once you count the rest.
Fair caveat though. This is a snapshot from Sept 30, before the recent ETF outflows, and a bank this size holds a lot of this for clients and hedging, not just as a price bet. MSTR also closed at 114.41 on Thursday, so that stake alone is down roughly 26% since the filing date.
Still, the big money is clearly not leaving the room while retail panics.
Bullish signal for later, or just market making noise to you?
$BTC #Bitcoin #JPMorgan #CryptoNews
