Fidelity triples its Strategy stake to $156 million in Q3

New 13F filings show Fidelity, Amundi and Fulcrum adding exposure to the Bitcoin-heavy software company Fidelity tripled its position in Strategy shares to $156 million in the third quarter. That puts one of the biggest names in asset management deeper into the most famous Bitcoin proxy on the stock market. Fidelity is not the only one moving. Quarterly filings show several institutional investors adding Strategy shares in the same window. The numbers behind the move Fidelity’s Strategy holding was worth approximately $38.2 million at the end of the second quarter. By the end of the third quarter, it had reached $156 million. The disclosures come from 13F filings. These are the quarterly reports institutional managers file to show what stocks they hold. Amundi, the large European asset manager, also leaned in. It raised its Strategy stake by about 44% to approximately $291.4 million at the close of the third quarter. That makes Amundi’s position bigger than Fidelity’s in dollar terms. Fidelity’s percentage jump is the more dramatic one. Smaller firms showed up too. Fulcrum Asset Management reported 54,876 Strategy shares, worth about $8.5 million. One caveat applies to all of these...