Jane Street has expanded its exposure to Strategy after raising its position by 473% during the most recent reporting period. The firm now holds 951,000 shares valued at about $121 million. This development places the quantitative trading firm among the largest institutional shareholders of the company.
The disclosure has drawn attention due to the scale of the change. Jane Street manages roughly $662 billion in assets under management and is known for using data-driven strategies. The expansion suggests a growing interest in MicroStrategy’s equity as the company continues to add Bitcoin to its treasury.
Strategy remains one of the most closely watched public companies in the digital asset space. Its balance sheet strategy has positioned its stock as a preferred proxy for Bitcoin exposure.
Institutional Interest Aligns With Strategy’s Bitcoin Treasury Growth
Strategy disclosed another Bitcoin acquisition last week, marking its 100th purchase since 2020. The company acquired 592 BTC between February 16 and 22 at an average price of $67,286. The purchase was funded by the sale of 297,940 common shares, generating net proceeds of $39.7 million.
According to the filing, Strategy now holds 717,722 BTC. The total cost of this position stands at $54.56 billion, with an average purchase price of $76,020 per coin. The company continues to view Bitcoin as its primary treasury reserve asset.
The milestone reinforces Strategy’s place as the world’s largest corporate holder of Bitcoin. The company has pursued this strategy through both direct purchases and capital market activity. These actions continue to attract institutional investors who prefer Bitcoin exposure through public equities rather than through direct holdings.
Jane Street’s increased position aligns with this trend. Equity exposure offers liquidity and fits within traditional investment frameworks. This pathway also allows institutions to benefit from Strategy’s leveraged sensitivity to Bitcoin’s price movement. Last week, Jane Street Group LLC revealed it increased its Bitcoin exposure by investing $276 million in BlackRock’s iShares Bitcoin Trust (IBIT), according to its Q4 2025 13F filing.
Dynamics Surround MicroStrategy Stock as Volatility Persists
Strategy stock has seen mixed performance in recent weeks. The price is down nearly 15% over the past month and more than 60% over three months. However, the stock has recovered by almost 30% from its recent lows. The broader crypto market has also shown considerable volatility, contributing to short-term pressure.
MSTR is now trading near a key support zone between $120 and $130. Traders note that a move above this range may open a path toward the $150 resistance level. A daily close below $118, however, would signal reduced strength and may drive the stock toward $110.
Despite the uncertain conditions, institutional participation remains steady. Investors continue to monitor the relationship between Strategy and Bitcoin, as the stock often reacts more sharply than the underlying asset.
Outlook for Institutional BTC Exposure Through Strategy
The increase in Jane Street’s position comes as Bitcoin adoption expands across both corporate and financial sectors. Many institutions continue to prefer equity-based exposure due to operational efficiency and regulatory familiarity.
Strategy’s treasury approach, aggressive accumulation of Bitcoin, and active presence in capital markets make it an accessible vehicle for such strategies. As long as Bitcoin remains central to the company’s long-term plan, Strategy is likely to remain a key target for firms seeking indirect exposure.
With Strategy executing its 100th acquisition and institutional interest increasing, market observers continue to evaluate whether the stock will stabilize near its current range or move higher if Bitcoin rebounds.
Source: https://coinpaper.com/14855/jane-street-grows-strategy-mstr-position-by-473-reaching-121-m-in-shares
