Charles Schwab Investment Management increased its position in Strategy (NASDAQ: MSTR) during the fourth quarter of 2025, adding 91,859 shares for a total of 1,271,015 shares as of December 31, according to a new 13F filing.
Charles Schwab Investment Management, the asset management arm of the financial services giant overseeing $12 trillion in client assets, has held MSTR since at least Q1 2001 according to 13F records.
At current prices near $132 per share, Schwab's position is worth approximately $168 million, down from a $193 million quarter-end valuation.
Charles Schwab has sought to grow its crypto market footprint, and during a recent earnings call, its leaders claimed to have 20% share of spot crypto exchange-traded funds. The company said recently that it expects to launch bitcoin spot trading later this year.
CEO Richard Wurster said he expects the firm's clients to continue to grow their interest in crypto as these services come online.
"I think when we fully launch crypto and have the ability for clients to transfer assets, I do expect us to see our long-standing clients that have held crypto at other places bring that back. That will be a source of growth," Wurster said last month.
Strategy held 672,497 BTC at an average cost of approximately $75,000 per coin as of December 31, 2025. The firm now holds 717,131 BTC, after purchasing 2,486 BTC in recent days, according to executive chairman Michael Saylor. The firm's current average purchase price is roughly $76,027 per coin.