Global financial institution JPMorgan significantly increased its Bitcoin exposure during the first quarter, according to its latest SEC Form 13f filing. The bank’s holdings in BlackRock’s iShares Bitcoin Trust (IBIT) grew by approximately 175%, from 3 million shares to 8.3 million shares, now valued at around $390 million. This accumulation occurred as Bitcoin faced a price dip, indicating a strategic move during market volatility.
The recent SEC filing reveals JPMorgan‘s stake in IBIT jumped to 8.3 million shares worth about $390 million. This marks a substantial increase from the 3 million shares it reported holding at the end of December 2025.
The purchase activity coincided with a period of declining Bitcoin prices earlier this year. Bitcoin fell to around $62,000 in February before showing a slight recovery in subsequent months.
Market analysts hold divergent long-term views on the asset’s price trajectory. VanEck‘s Head of Digital Assets Research, Matthew Sigel, stated that Bitcoin could hit the $1 million mark within five years.
Conversely, Michael Terpin anticipates a potential price dip to around $48,000 by October. Terpin also projects Bitcoin could eventually reach $1 million, but sets that target for the year 2033.
The launch of spot Bitcoin ETFs has provided traditional finance a regulated avenue for crypto exposure. Furthermore, the advancing CLARITY Act, now in its final legislative stage, could bolster broader market confidence if passed.
