BNY Mellon boosts stake in Strategy, now holds roughly 1 million shares worth $187M

BNY Mellon, the 240-year-old institution that predates the US Constitution, has been steadily accumulating shares of MicroStrategy. The bank added approximately 101,810 shares during the first quarter of 2026, pushing its total holdings to around 1 million shares valued at roughly $187 million. What BNY Mellon actually bought The purchases, disclosed in recent filings, span 12 separate custody and discretionary mandates. That’s not one fund manager going rogue with a conviction bet. It’s a coordinated allocation across multiple client accounts and internal strategies. Beyond the equity stake, BNY Mellon also holds two small tranches of MicroStrategy convertible notes worth a combined $547,000 or so. What BNY Mellon has not done is buy Bitcoin directly. Every dollar of its crypto-adjacent exposure runs through MicroStrategy’s stock and debt instruments. Why MicroStrategy and not Bitcoin itself MicroStrategy, now frequently referred to as Strategy, has operated as a de facto Bitcoin treasury company since executive chairman Michael Saylor began converting the firm’s balance sheet into Bitcoin back in 2020. The company’s stock has essentially become a high-beta derivative of Bitcoin’s...