BREAKING: Marex Group Becomes 3rd Largest XRP ETF Holder, Expands Strategy (MSTR) Stake
Highlights
- Marex Group revealed $9.4 million XRP holdings Canary XRP ETF and Bitwise XRP ETF.
- The firm emerged as the third-largest institutional holder of XRP ETFs.
- Marex Group increases Strategy (MSTR) holdings, but stock falls tracking Bitcoin prices.
- MEX stock surged more than 16% in a week.
Marex Group, a Nasdaq-listed diversified financial services firm, has revealed a massive XRP exposure, becoming the 3rd-largest XRP ETF holder. The firm also disclosed substantial crypto holdings and added more Strategy (MSTR) stocks to its investment portfolio.
Marex Group Reveals Massive XRP ETF Holdings
In a 13F filing with the US SEC, Marex Group PLC reported a $9.4 million in total XRP ETF holdings. Notably, the firm has significantly increased its XRP exposure amid growing Ripple partnerships and institutional interest in XRP.
Marex Group now holds 356,865 Canary XRP ETF (XRPC) shares worth $5.10 million as of Q1 2026, increasing the value of its holdings by 51%. Notably, the firm held 173,298 XPPC shares in the previous quarter.
Marex Group purchased 286,021 new shares in Bitwise XRP ETF worth almost $4.30 million. As a result of the latest XRP ETF exposure, Marex Group has emerged as the third-largest institutional holder of XRP ETFs, signaling growing institutional adoption of the token.
This positions the firm behind leaders like Goldman Sachs with $152.16 million and Millennium Management with over $27 million across multiple spot XRP ETFs.
Boosts Strategy MSTR Holdings
Marex Group also increased its Strategy (MSTR) holdings in Q1 2026. The firm increased its MSTR holdings from 2,934,332 to 3,411,673 shares. Meanwhile, First Eagle became Strategy’s (MSTR ) largest investor, even surpassing Vanguard Group’s holdings.
Moreover, the firm reduced its call options position from 108,100 to 65,500. It boosted exposure in Strategy’s perpetual preferred STRK from 4,400 to 16,401 shares.
Marex Group cut exposure in multiple digital asset treasuries including TON Strategy and Bitmine Immersion Technologies (BMNR).
MSTR stock closed 3.46% lower at $178.03 on Wednesday. The stock is down 0.21% in premarket trading hours on Thursday despite massive institutional holdings continuing to grow.
As Marex Group boosted XRP ETF exposure, its MEX stock surged 4.20% to $58.25 on Wednesday. The stock has rallied more than 16% this week, extending the YTD performance to almost 54%.
XRP price slightly rebounded as Ripple CEO Brad Garlinghouse explained why XRP is unique. It is currently trading at $1.43, with a 24-hour low and high of $1.41 and $1.47, respectively.
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