JPMorgan bitcoin ETF filing: 36% rise in Strategy shares

JPMorgan bitcoin ETF holdings rose to 11.4 million BlackRock fund shares by September 30, while the bank also reported a 36% increase in its Strategy common shares. The figures came from a quarterly U.S. securities filing JPMorgan filed on November 12, and describe positions at quarter-end, not current trading.

• JPMorgan reported 11,408,930 shares of BlackRock’s iShares Bitcoin Trust, or IBIT, valued at $539.98 million on September 30, according to the filing figures reported by Bitcoin Magazine.
• The IBIT share count was up 1,001,295, or 9.6%, from June 30.
• JPMorgan reported 848,932 Strategy common shares, worth about $131.3 million at quarter-end, an increase of 224,545 shares, or 36%.
• The filing separately lists put options tied to IBIT and Strategy shares. Those are distinct from the reported fund and common-share holdings.
• MSCI’s November review listed Strategy for deletion from its indexes, with the change scheduled to take effect after the close on November 30.

Timeline of the JPMorgan bitcoin ETF filing

1. June 30, 2026: JPMorgan reported 624,387 Strategy common shares. Its IBIT share count was 1,001,295 shares below the September 30 total, according to the reported quarterly comparison.
2. September 30, 2026: The 13F snapshot records 11,408,930 IBIT shares and 848,932 Strategy common shares. Bitcoin Magazine put the Strategy position at $131.3 million.
3. November 12, 2026: JPMorgan Chase filed the report with the U.S. Securities and Exchange Commission, according to the SEC filing index. It says the report includes 17 other managers.
4. November 13, 2026: The Block reported the holdings and the 36% quarterly increase in Strategy shares. The story arrives as crypto prices are under pressure.
5. After the close on November 30, 2026: MSCI’s November review schedules Strategy’s index deletion to take effect.

What the JPMorgan bitcoin ETF numbers show

The filing reports two distinct positions: shares of BlackRock’s iShares Bitcoin Trust (IBIT) and common shares of Strategy. JPMorgan reported more shares in each position at September 30 than at June 30. The filing does not reveal the bank’s reasons or what it has done since September.

The value of JPMorgan’s Strategy common-share position rose from $57.87 million on June 30 to about $131.3 million on September 30. Bitcoin Magazine noted that both the share count and the implied share price contributed: the filing’s implied price moved from $92.68 to $154.67. So the change in reported value was larger than the increase in shares alone.

There is an important qualification in the same SEC information table. JPMorgan also listed put options on 1,148,500 Strategy shares, valued at $177.6 million in the filing’s value column, and puts on 2,915,000 IBIT shares, with a value of about $138 million. Those are separate line items, not additional common or fund shares.

Reactions and market context

The Block reported the increase in JPMorgan’s Strategy shares and its BlackRock bitcoin ETF holdings. Bitcoin Magazine supplied further detail on the share counts and reported values. The filing is a snapshot of holdings as of September 30, not evidence of JPMorgan’s current view of bitcoin prices.

Market conditions on November 13 were weak. CoinGecko data listed bitcoin at $69,390 at 12:13 UTC, down 4.94% over 24 hours and 8.86% over seven days. The Crypto Fear & Greed Index was at 20, classified as “Extreme Fear” for November 13. These figures describe the broader market, not a reaction proven to have been caused by JPMorgan’s filing.

MSCI’s November index review lists Strategy for deletion, with the change scheduled after the November 30 close. In its response to MSCI’s eligibility consultation, Strategy called the proposed rules misguided and said MSCI-linked funds held about 13 million shares, equal to 3.1% of its basic shares outstanding and less than one day of trading volume. MSCI’s review confirms the scheduled change.

What to watch next

The next scheduled date in the evidence is the MSCI index change, due to take effect after the November 30 close. JPMorgan’s filing reports holdings as of September 30, so it does not establish whether those positions persisted after that date.

A later filing could provide another dated comparison of JPMorgan’s IBIT share count. This report alone cannot establish the bank’s intent, its current exposure, or whether it expects bitcoin to rise or fall.

The filing is a record of disclosed holdings as of September 30. It is not a real-time account of JPMorgan’s portfolio or a forecast of future performance.

FAQ about JPMorgan bitcoin ETF holdings

How much IBIT did JPMorgan report holding?

JPMorgan disclosed 11,408,930 IBIT shares valued at $539.98 million as of September 30, 2026, according to figures from its 13F filing.

Did JPMorgan increase its Strategy shares by 36%?

Yes. The filing showed 848,932 Strategy common shares, up 224,545 shares, or 36%, from the 624,387 reported for June 30. The percentage concerns common shares, not the separately listed put options.

Does the JPMorgan bitcoin ETF filing show the bank’s current position?

No. The 13F reports holdings as of September 30 and was filed on November 12. It is a dated snapshot, not a real-time account of JPMorgan’s portfolio.

Sources

• EDGAR Filing Documents for 0000019617-26-000404 (www.sec.gov)
• JPMorgan reports 36% rise in Strategy share holdings and $540 million in BlackRock’s bitcoin ETF (The Block)
• JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs (bitcoinmagazine.com)

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.