BNY Mellon Raises Strive Stake 28% to 237,100 Shares

According to ChainCatcher citing Bitcoin Magazine, a November 5 filing showed that BNY Mellon increased its third-quarter stake in Bitcoin treasury company Strive (ASST) by 28% to 237,100 shares, valued at $6.97 million as of September 30. The bank added 51,544 shares from June 30, when it held 185,556 shares worth about $2.02 million. The reported value more than tripled as ASST’s implied share price rose from $10.91 to $29.41; the 13F is a snapshot, not a transaction record. BNY Mellon’s consolidated filing may include positions held for clients and funds as well as the bank’s own accounts, and its holdings may have changed after September 30. The bank reported $63.4 trillion in assets under custody and administration and $2.2 trillion in assets under management. Its other disclosed Bitcoin-related holdings included 1,056,230 Strategy (MSTR) shares valued at $161.7 million and 162,072 iShares Bitcoin Trust (IBIT) shares worth $7.67 million, up from 85,282 shares on June 30. Institutions with investment discretion over more than $100 million in 13F securities must file within 45 days of quarter-end. The filing window was extended to November 16 because November 14 fell on a Saturday. JPMorgan filed its third-quarter 13F this Thursday; Wells Fargo, Millennium Management and Schonfeld Strategic Advisors had not appeared in the SEC’s EDGAR system by Thursday morning. Barclays reported 3,942,900 IBIT shares worth $186.7 million on November 6, up 48% from three months earlier. Citi reported 521,144 IBIT shares worth $24.7 million on November 4 and added 1,636,387 Fidelity Wise Origin Bitcoin Fund (FBTC) shares valued at $118.9 million. Strive itself added 29 BTC during the week through November 6, bringing its total to 43,153 BTC.