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BNY Mellon Raises Its Strive (ASST) Stake 28% to $7 Million as Monday’s 13F Deadline Nears

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BNY Mellon Raises Its Strive (ASST) Stake 28% to $7 Million as Monday’s 13F Deadline Nears

Bitcoin Magazine

BNY Mellon Raises Its Strive (ASST) Stake 28% to $7 Million as Monday’s 13F Deadline Nears

Bank of New York Mellon (BNY) raised its stake in Strive (ASST) by 28% in the third quarter, a Form 13F filed Nov. 5 shows, lifting the position to 237,100 shares worth $6.97 million at Sept. 30 prices.

That is up 51,544 shares from the 185,556 BNY reported at June 30, when the same holding was valued at about $2.02 million. Most of the dollar jump is the stock. ASST’s implied price on the two filings rose from $10.91 at June 30 to $29.41 at Sept. 30, so the disclosed stake more than tripled in value even though the share count rose 28%.

A 13F is a snapshot, not a trading diary. BNY filed a combination report that folds in holdings across its group, so the Strive line can include client, fund and discretionary positions rather than a single proprietary bet, and the firm may have changed the holding since Sept. 30. The bank oversees $63.4 trillion in assets under custody and/or administration and $2.2 trillion in assets under management, both as of Sept. 30.

The Strive position is still modest next to other bitcoin-linked lines on the same report. 67 million, a stake that nearly doubled from 85,282 shares at June 30 and is now about the same size as the Strive line.



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