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JPMorgan Chase Increases Crypto Exposure

JPMorgan Chase Increases Crypto Exposure

JPMorgan Chase Increases Crypto Exposure
JPMorgan Chase Increases Crypto Exposure

JPMorgan Chase (NYSE: $JPM), the largest U.S. commercial bank, has increased its exposure to cryptocurrencies.

The New York-based lender increased its stake in crypto treasury firm Strategy (NASDAQ: $MSTR) by 36% to 848,932 shares of the company’s common stock as of Sept. 30.

JPMorgan also raised its stake in BlackRock’s (NYSE: $BLK) iShares Bitcoin Trust (NYSE: $IBIT) by 10% during the year’s third quarter, according to a new regulatory filing.

More From Cryptoprowl:

The bank now owns 11,408,930 shares of the IBIT exchange-traded fund (ETF) worth $540 million U.S.

Other crypto holdings reported by the bank in its latest filing…

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