Bitcoin
February 23, 2026
Jane Street has expanded its position in MicroStrategy by boosting its MSTR stock position by roughly 473% in a single quarter. This brings its total holdings to 951,000 shares valued at approximately $121 million. With this new position, it further reinforces the growing institutional appetite for BTC-linked equities.
🔥 UPDATE: $662B AUM, Jane Street ramps up its MSTR position to, 951K shares valued at $121M, a 473% surge in holdings. pic.twitter.com/UpSYAVTd9u
— Cointelegraph (@Cointelegraph) February 23, 2026
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Why Jane Street’s MSTR Bet Signals Rising Bitcoin Exposure and Strategy Growth
The timing of Jane Street’s move couldn’t have come at a more opportune time, given the broader market volatility. Retail sentiment has been bearish, but still, entities appear to be leveraging MSTR stock as a strategic alternative to direct BTC spot holdings or ETFs. And who better than Strategy Bitcoin holdings?
The company holds over 700,000 BTC in total holdings, making it the world’s largest creditor. This offers a unique value proposition for institutional players like Jane Street, especially in terms of liquidity and operational efficiency. Now, Jane Street’s bet on MicroStrategy is just part of its plan to increase its exposure to Bitcoin. The firm also made a $276 million investment in BlackRock’s iShares Bitcoin Trust (IBIT), bringing total IBIT holdings to nearly $790 million.
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Market experts note that this strategy could be Jane Street’s way of expanding its operational trading inventory. Others are convinced that integrating Bitcoin-linked equities into their core portfolios is bullish.
BullTheory took to X and stated that:
“This is the same entity rumoured to be behind the daily ‘10 AM’ manipulation to push Bitcoin prices lower.”
Strategic Infrastructure From Jane Street
Financial players have devised a way to enter the crypto market via public companies with large Bitcoin reserves. And because Strategy’s valuation is closely tied to Bitcoin holdings, any major institutional accumulation tends to amplify market attention on both the stock and BTC price outlook.
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With the help of firms like MicroStrategy, which have created a high-beta equity model that allows traditional giants to capture Bitcoin yield without leaving the regulated confines of the stock exchange, more institutions are likely to follow suit.
