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Bank of New York Mellon held 237,100 shares of Strive (ASST) worth $6.97 million at Sept. 30, a 28% increase from the 185,556 shares it reported at June 30, according to a Form 13F filed Nov. 5. Bitcoin Magazine reported the filing, which landed more than a week before the bulk-filing deadline for the third quarter.
Crypto Briefing reported a different set of numbers for the same position: a 39% increase to 257,718 shares, worth roughly $6 million as of early November 2026. The two outlets disagree on both the share count and the percentage change; Bitcoin Magazine based its figures on the Sept. 30 valuation in the filing, while Crypto Briefing cited a mark from early November.
Also read: Strive Posts $509M Q3 Profit on Bitcoin Gains
Key facts
- BNY Mellon held 237,100 ASST shares worth $6.97 million at Sept. 30, up 51,544 shares from June 30, when the holding was valued at about $2.02 million.
- ASST’s implied price across the two filings rose from $10.91 to $29.41, so the stake more than tripled in value even as the share count rose 28%.
- BNY’s 13F is a combination report covering group holdings, so the Strive line can include client, fund and discretionary positions rather than a single proprietary bet.
- The same filing showed 1,056,230 Strategy (MSTR) shares worth $161.7 million and 162,072 iShares Bitcoin Trust (IBIT) shares worth $7.67 million, nearly double the 85,282 IBIT shares held at June 30.
- Strive held 43,153 bitcoin after adding 29 coins in the week through Nov. 6, per a recent 8-K, and Crypto Briefing reported that the company has funded purchases largely through stock offerings and carried no debt as of late 2026.
Most of the gain came from the share price
The jump in dollar value is mostly a mark-to-market effect. ASST traded far higher at the end of the third quarter than three months earlier, so the disclosed position more than tripled even though the number of shares rose by a little over a quarter. A 13F records a quarter-end snapshot, not a trading record, and BNY may have changed the position since then.
BNY’s other bitcoin-linked lines are larger. The MSTR position dwarfs the Strive line, and the IBIT stake is now about the same size as it. BNY oversees $63.4 trillion in assets under custody and/or administration and $2.2 trillion in assets under management, both as of Sept. 30.
Other banks have already disclosed their bitcoin fund lines
Barclays, in a 13F filed Nov. 6, reported 3,942,900 IBIT shares worth $186.7 million at Sept. 30, up 48% from 2,658,147 shares three months earlier. Citigroup, in a filing dated Nov. 4, reported 521,144 IBIT shares worth $24.7 million, up from 347,114 at June 30, plus a new $118.9 million position in Fidelity’s Wise Origin Bitcoin Fund (FBTC) covering 1,636,387 shares that had not appeared on its June 30 filing.
Crypto Briefing noted that BNY’s move was a purchase of Strive equity, not of bitcoin itself, and that there is no evidence the bank bought the coin directly as part of it. It also reported that Strive was co-founded by Vivek Ramaswamy and is run by CEO Matt Cole, and that the company has used perpetual preferred stock yielding between 13% and 15% as a financing tool.
Why it matters
For a custody bank of BNY’s size, a position near $7 million is small in portfolio terms, but it puts a long-established institution on the shareholder register of a company whose business is holding bitcoin. That reinforces a pattern in which traditional managers take bitcoin exposure through listed equities rather than wallets or spot funds, because a Nasdaq-listed stock fits existing compliance and reporting systems. Amundi, described by Bitcoin Magazine as Europe’s largest asset manager, raised its Strategy stake 44% in the same quarter.
What to watch
Managers exercising discretion over $100 million or more in 13F securities have 45 days after quarter-end to file. The window ran to Nov. 14, a Saturday, so the deadline is Monday, Nov. 16. JPMorgan Chase filed its third-quarter 13F on Thursday, while Wells Fargo, Millennium Management and Schonfeld Strategic Advisors had not appeared on EDGAR as of Thursday morning, according to Bitcoin Magazine. Their filings will show whether other large managers added to or cut bitcoin treasury names after a quarter in which ASST ran hard.
Reported by Bitcoin Magazine.