BNY Mellon Raises Its Strive (ASST) Stake 28% to $7 Million as Monday’s 13F Deadline Nears
Bank of New York Mellon raised its stake in Strive (ASST) by 28% in the third quarter, increasing its position to 237,100 shares worth $6.97 million.
The increase in BNY's Strive position represents a significant vote of confidence in the bitcoin-linked asset, though it remains modest compared to the bank's other cryptocurrency holdings. BNY also held 1,056,230 shares of Strategy worth $161.7 million and 162,072 shares of BlackRock's iShares Bitcoin Trust worth $7.67 million as of September 30.
The 13F filings provide a snapshot of institutional holdings rather than real-time trading data. BNY's report combines client, fund, and discretionary positions across its group, which oversees $63.4 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.
Filing Deadline Approaches
Monday marks the deadline for large institutional managers to file their third-quarter 13F reports. Those with investment discretion over $100 million or more in 13F securities have 45 days after quarter-end to disclose holdings, with the window extending to November 16 after falling on a Saturday.
As of Thursday morning, Wells Fargo, Millennium Management, and Schonfeld Strategic Advisors had not yet filed their reports on the SEC's EDGAR system. These large managers' bitcoin ETF and treasury-stock positions remain undisclosed.
Other Banks' Bitcoin Exposure
Other major financial institutions have also revealed growing positions in bitcoin-linked assets. Barclays reported 3,942,900 shares of BlackRock's iShares Bitcoin Trust worth $186.7 million, while Citigroup disclosed 521,144 IBIT shares worth $24.7 million and a new $118.9 million position in Fidelity's Wise Origin Bitcoin Fund.
A 13F gathers client, managed and trading-book positions, not proof a bank put its own capital into bitcoin or into a bitcoin treasury stock.
Strive's Bitcoin Accumulation
Strive itself continues to accumulate the underlying cryptocurrency, holding 43,153 bitcoin after adding 29 coins in the week through November 6. The company has become one of the larger public bitcoin treasury names alongside Strategy, attracting investment from traditional asset managers.
Europe's largest asset manager, Amundi, also increased its Strategy stake by 44% in the same quarter, indicating that traditional financial institutions maintained their interest in bitcoin proxies despite cooling spot market conditions in the fall.
Related
