Swiss National Bank disclosure covers US holdings through September 30, 2026
Key Facts
The Swiss National Bank filed a third-quarter disclosure with the US Securities and Exchange Commission, identifying September 30, 2026, as the end of the reporting period. That filing sets the timeframe for the bank’s reported holdings and does not mean those positions remained unchanged when it was published. The figures circulating about the bank owning shares in Strategy, or the value of that holding, could not be verified against the original public filing table. It therefore cannot be confirmed that the bank reduced its shares in the company or that it held a specific position at quarter-end. The available filing also does not establish that the bank bought the company’s shares to gain exposure to bitcoin.
Second-quarter data provide context on the scale of the bank’s US equity investments before the latest reporting period. According to Bloomberg via Swissinfo, the bank held positions in more than 2,300 US-listed companies as of June 30, 2026. Those holdings were valued at $191.4 billion on that date. The figure indicates that the bank’s US portfolio includes broad investments in listed companies, but it does not specify the value of any individual position in Strategy. It also refers to the end of June and does not represent the portfolio’s value on September 30 or when the disclosure was published.
In a historical statement dated April 26, 2024, the bank’s chairman said the institution had not decided to invest in bitcoin. He linked that statement to reserve requirements, which include liquidity and preservation of value. That publicly stated position provides institutional context for the debate over digital assets, but predates the disclosure period that ended on September 30, 2026. The statement also does not address the bank’s investments in company shares, nor does it establish that buying Strategy shares, if any, would constitute adoption of direct bitcoin investment. The company’s shares remain distinct from holding the currency itself.
Strategy said in its third-quarter results that it held 848,517 bitcoin as of October 25, 2026, up 26% since the start of the year. The figure puts the company’s bitcoin holdings in the context of its investment model in 2026, but it comes after the bank’s reporting period ended on September 30. It therefore does not establish how much bitcoin the company held at quarter-end or show that its shares were in the bank’s portfolio. The company’s disclosed data show the bitcoin it owns, not the shares any investor holds in it.
Strategy added 1,036 bitcoin in the week ended November 9, 2026, with a recorded value of $82 million, according to its filings. The purchase came after the bank’s disclosure period and reflects the company’s continued accumulation of the currency during November. The company’s records provide no information about its shareholders or any changes in their positions. The purchase value in the records relates to the company’s weekly transaction and does not represent the value of shares or a stake attributed to the Swiss National Bank.
In trading, Strategy shares fell more than 4% in premarket trading on November 12 after the company’s removal from MSCI’s global indexes was confirmed, according to a report by Yahoo Finance. That market move is tied to a date after the bank’s disclosure period and does not reveal the stock’s closing price or trading range during the session. It also does not allow the effect of the decline on the value of any bank holding to be measured, as verified data on the number of shares it might own or their value are unavailable here. The index removal remains the event to which the report attributed the premarket decline.
As for the company’s later announcements, Strategy said in results released on October 29 that it would begin making daily distributions on STRC stock on November 1, 2026, followed by STRF, STRK and STRD stock on January 1, 2027. Those dates set a future distribution schedule for the specified share classes, as stated in the company’s announcement. The announcement provides no evidence of a connection between the Swiss National Bank and these shares or of the bank’s ownership of them. The announced distribution dates remain the next development in the available information about the company.