BNY Mellon has increased its holdings in Strategy (MSTR) to 1 million shares worth about $187.2 million, deepening its use of the Bitcoin treasury company as a proxy for BTC exposure without holding coins directly.
Summary
- The Bank of New York Mellon has bought an additional 101,810 shares of Strategy, a Bitcoin treasury company, in a move worth about $18.7 million.
- The purchase brings BNY Mellon’s total Strategy holdings to 1 million shares, with an aggregate value of roughly $187.2 million at current prices.
- The bank, which oversees around $2.1 trillion in assets under management, joins a growing list of large institutions building sizable positions in Strategy as a proxy for Bitcoin exposure.
The Bank of New York Mellon has disclosed that it increased its holdings in Strategy (NASDAQ: MSTR) by 101,810 shares, according to a filing highlighted by BitcoinTreasuries on X. At a reference price of about $183.50 per share, the incremental buy is worth approximately $18.7 million and lifts BNY Mellon’s total position to 1 million shares, valued near $187.2 million.
A recent Form 13F summary shows BNY Mellon reporting 33,189 equity positions with an aggregate value of roughly $567.7 billion, underscoring that the $187.2 million Strategy stake remains a small but non‑trivial slice of its broader portfolio. For context, BNY manages about $2.1 trillion in assets under management and another $45 trillion in assets under custody and administration, making it one of the world’s largest custodians.
Strategy—formerly known as MicroStrategy—has effectively turned itself into the largest listed Bitcoin treasury vehicle. Data from BitcoinTreasuries indicate the company now holds around 818,334 BTC, worth about $66.6 billion as of May 7, 2026, giving it more Bitcoin than any other public company and more than many nation‑states. That balance‑sheet exposure means each share of MSTR functions as a leveraged claim on BTC price moves, a structure that has attracted hedge funds, trading firms, and now a widening roster of banks and asset managers.
BNY Mellon’s move follows similar positioning from other Wall Street names. Earlier this year, Goldman Sachs disclosed it had boosted its Strategy stake by 237,874 shares to 2.33 million shares in total, while quantitative powerhouse Jane Street ramped its own position by 473% in Q4 2025 to roughly 951,000 shares, according to filings compiled by BitcoinTreasuries.
Those flows are part of a broader pattern crypto.news has been tracking in recent coverage: large institutions using both spot Bitcoin ETFs and BTC‑heavy equities like Strategy to express macro views on digital assets without holding coins directly. A separate crypto.news analysis dug into why MSTR often trades at a premium to its net Bitcoin per share, arguing that institutional appetite, tax considerations, and embedded call‑option value on future BTC purchases all play a role. Another crypto.news feature noted that as Strategy sells more stock to buy Bitcoin, it is effectively inviting investors like BNY Mellon to co‑fund its long‑term BTC accumulation—an offer that, as this latest 101,810‑share add shows, some of the world’s biggest financial institutions are still taking.
