Bank of New York Mellon (BNY) disclosed a sizable increase in its exposure to Strive Holdings (ticker ASST) in a Form 13F filed on Nov. 5, 2026. The filing shows the bank now holds 237,100 shares of Strive, a 28% rise from the 185,556 shares reported at the end of June. At September‑30 market prices, the position is worth $6.97 million, more than triple the $2.02 million valuation three months earlier.

BTC / USD
Source: CoinGecko. Prices are indicative.

Why the valuation jumped

The surge in value reflects both the higher share count and a sharp rise in Strive’s implied price. According to Bitcoin Magazine, the implied price per share climbed from $10.91 at June‑30 to $29.41 at September‑30, driving the overall stake value up despite a modest 28% increase in shares.

Context within institutional Bitcoin exposure

BNY’s Strive holding remains modest compared with its other Bitcoin‑linked positions. The bank reported 1,056,230 shares of MicroStrategy (MSTR) worth $161.7 million and 162,072 shares of BlackRock’s iShares Bitcoin Trust (IBIT) valued at $7.67 million. The IBIT stake has nearly doubled since June, reaching a size comparable to the Strive line.

The SEC’s 13F filing deadline for large institutional managers is Monday, Nov. 16. BNY filed early on Nov. 5, while other major firms such as JPMorgan Chase have already submitted their reports. As of Thursday, several large managers—including Wells Fargo, Millennium Management, and Schonfeld Strategic Advisors—had not yet appeared on the SEC’s EDGAR system, leaving the final picture of institutional Bitcoin exposure incomplete.

What to watch next

Analysts will monitor the remaining 13F filings for any further adjustments to Bitcoin‑related holdings, especially in Strive, MicroStrategy, and IBIT. Additionally, Strive’s own balance sheet continues to grow; the company disclosed 43,153 bitcoin after adding 29 BTC in the week through Nov. 6, positioning it among the larger public Bitcoin treasury holders.