Jane Street Raises Strategy Stake 53.8% to 4.12 Million Shares in Q3

According to ChainCatcher citing Bitcoin Magazine, Jane Street Group increased its Strategy (MSTR) holdings by 53.8% in the third quarter to 4,119,097 shares, according to a 13F filing submitted Thursday. The position was up 1,441,475 shares from 2,677,622 as of June 30, with holdings reported as of September 30. The filing also listed call options covering 13,573,000 Strategy shares, valued at $2.08 billion, and put options covering 13,991,800 shares, valued at $2.14 billion. Both positions covered more than three times Jane Street’s common-share holdings. The filing does not specify how much of the stock position may hedge options or market-making activity. Among large Strategy holders, Jane Street reported the biggest increase. Capital International Investors raised its stake 4.5% to 36,467,109 shares, while Invesco increased its holdings 10.9% to 10,362,698 shares. Renaissance Technologies cut its stake 41% to 1,515,560 shares and exited its previously reported spot Bitcoin ETF holdings. The reported positions predate MSCI’s decision to remove Strategy from its U.S. indexes, which will require index funds to sell by November 30.