BofA cuts Strategy holdings by 70%

Bank of America cut its holdings of Strategy (MSTR) stock by about 70% in the second quarter, reducing the position to 1.18 million shares as of June 30 from about 3.97 million shares at the end of the first quarter, according to the bank’s second-quarter 13F filing. In contrast, its holdings of BlackRock’s spot Ethereum ETF, ETHA, rose about 29-fold to 1.98 million shares from about 67,500 shares. The reported value of the ETHA stake stood at about $23.6 million at the end of the second quarter.