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first_img Bank of New York Mellon increased its stake in Strive by 28%, raising its holdings to 6.97 million USD

According to Bitcoin Magazine, as disclosed in the 13F filing submitted on November 5, Bank of New York Mellon (BNY Mellon) increased its holdings in Bitcoin treasury company Strive (ASST) by 28% in the third quarter, bringing the total to 237,100 shares, valued at $6.97 million based on the price as of September 30.Compared to the 185,556 shares disclosed on June 30, this increase of 51,544 shares had a market value of approximately $2.02 million at that time. The increase in market value was mainly due to the stock price: the implied ASST price in the two filings rose from $10.91 on June 30 to $29.41 on September 30, resulting in a more than doubling of the disclosed market value alongside a 28% increase in the number of shares held.The 13F is a snapshot at a point in time rather than a trading record. Bank of New York Mellon submitted a consolidated report covering group-level holdings, so Strive's position may include client, fund, and discretionary accounts, rather than a single proprietary bet, and the bank may have adjusted its holdings after September 30.As of September 30, the bank's assets under custody and administration amounted to $63.4 trillion, with managed assets totaling $2.2 trillion. In the same report, its Bitcoin-related positions also included 1,056,230 shares of Strategy (MSTR), valued at $161.7 million, and 162,072 shares of BlackRock iShares Bitcoin Trust (IBIT), valued at $7.67 million, the latter nearly doubling from 85,282 shares as of June 30.According to regulations, institutions with investment decision-making authority over securities exceeding $100 million must disclose their holdings within 45 days after the end of the quarter, with this quarter's window extending to November 16 due to November 14 falling on a Saturday.JPMorgan submitted its third-quarter 13F this Thursday, while Wells Fargo, Millennium Management, and Schonfeld Strategic Advisors had not yet appeared in the SEC's EDGAR system as of Thursday morning.Among the disclosed banks, Barclays reported holding 3,942,900 shares of IBIT, valued at $186.7 million, an increase of 48% from 2,658,147 shares three months ago, in a filing on November 6; Citigroup reported holding 521,144 shares of IBIT, valued at $24.7 million, in a filing on November 4, and added 1,636,387 shares of Fidelity Wise Origin Bitcoin Fund (FBTC), valued at $118.9 million. Strive itself increased its holdings by 29 Bitcoins in the week ending November 6, bringing its total holdings to 43,153 Bitcoins.

Reuters: Trump Media investors may have lost over $2.2 billion, and Trump's stake is still valued at $460 million

According to a report by Reuters, based on company filings and court records, external investors in Trump Media & Technology Group (DJT) have collectively lost over $2.2 billion. This estimate compares the issuance and sale prices of various batches of shares with the current price, adjusting for the impact of stock buybacks, and uses a market value accounting approach rather than tallying the realized trading losses of each investor. Trump Media disputes this calculation method, claiming it distorts facts, market dynamics, and the company's public documents, but did not specify the flaws in the calculation method. The company's General Counsel, Scott Glabe, stated that millions of shares are traded daily in the public market, making it impossible to know whether each seller ultimately made a profit or a loss.Reuters reported that the method was reviewed by three finance professors and is considered a standard way to assess investment gains and losses. Trump holds 114.75 million shares of Trump Media, valued at approximately $460 million. These shares were acquired when the company completed its SPAC merger with Digital World Acquisition in 2024, without cash payment. The value of this holding once exceeded $6 billion when the stock price was near its peak. Operationally, Trump Media's annual revenue has remained around $4 million over the past three years, with the social media business not yet showing significant growth, and the decline in the value of cryptocurrency investments has also put pressure on the company.Regulatory documents show that the company invested over $200 million to build the Truth Social streaming service, but this service generated only about $630,000 in revenue from its launch in August 2024 until the end of June 2026. Additionally, the timing of the company's Bitcoin purchases was close to the price peak, followed by a significant decline. Reuters interviewed more than a dozen Trump Media shareholders. One investor, who invested 20% of their personal net worth in the stock, provided account data showing an investment loss of 88.5%. Since the midterm elections, the company's stock price has fallen a cumulative 32%. Trump Media emphasized that the company has established a strong balance sheet and is focused on creating shareholder value, including advancing the proposed merger with fusion company TAE Technologies.
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