Jane Street Group increased its stake in Strategy by 53.8% in the third quarter, bringing its position to 4,119,097 shares valued at $630.6 million as of September 30. The firm also holds call options covering 13,573,000 shares and put options covering 13,991,800 shares, suggesting that some of its shares may hedge market-making positions rather than represent a direct investment. At Thursday’s closing price of $114.41, the stake was worth approximately $471 million, after Strategy shares fell about 25% since September 30. Capital International Investors, Invesco, and JPMorgan Chase also increased their holdings, while Renaissance Technologies cut its position by 41% and exited its investment in the iShares Bitcoin Trust spot bitcoin ETF.
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