A fresh 13F filing shows Raiffeisen Bank International, the Vienna-based lender, rebuilding its Strategy (MSTR) position from a near-zero base, lifting its stake from 188 shares to 5,980 in a single quarter, a reversal that erases a sharp sell-down three months earlier.
Raiffeisen Bank International AG has increased its holding in Strategy (MSTR) by roughly 3,081% quarter-on-quarter, according to a 13F-HR filed with the SEC on 3 August 2026 for the period ended 30 June 2026. The Vienna-headquartered lender held 188 shares of Strategy as of 31 March 2026, worth $22,000. By the end of June, the position had grown to 5,980 shares, worth $554,000.
A position that was nearly zeroed out three months earlier
The jump reads less as a fresh conviction trade than as a rebuild. Raiffeisen held 3,238 shares of Strategy as of both 30 September and 31 December 2025, a position it then cut by more than 94% to 188 shares in the March 2026 filing, before rebuilding past its previous level to 5,980 shares in June. The bank's Strategy position has now moved through four distinct phases in five quarters: a steady 1,200-share base through the first half of 2025, a nearly threefold increase to 3,238 shares in the third quarter, a near-total liquidation in the first quarter of 2026, and the sharp rebuild disclosed this week.
Dividing reported value by shares held implies the position was marked near $117 a share in March and near $93 a share in June, consistent with the pressure on Strategy's stock through the second quarter as Bitcoin itself traded weaker.
Context on the filer
Raiffeisen Bank International AG is one of Austria's largest banking groups, listed on the Wiener Börse and organised around a network spanning Austria, Central Europe, and Eastern Europe. By domestic Austrian total assets it ranks third, behind Erste Group and UniCredit Bank Austria, though its consolidated group balance sheet, which includes its Central and Eastern European subsidiaries, runs well over €200 billion, larger than either domestic rival on that measure.
RBI itself took a more formal step in September 2025. Together with eight other major European banks, including ING, UniCredit, Danske Bank, KBC, SEB, and CaixaBank, RBI joined a consortium to launch a MiCAR-compliant, euro-denominated stablecoin, a regulated fiat-backed payment instrument distinct from Bitcoin but built on comparable blockchain rails. CEO Johann Strobl called stablecoins "an important pillar of our digital asset strategy," saying the multi-bank approach would pool resources and distribute risk while capturing the opportunities created by the EU's regulatory framework. Read against that backdrop, the shares disclosed this week look less like an outlier than another data point in a gradual, uneven drift toward digital-asset engagement across the Raiffeisen network, running from a stablecoin consortium to a quarter-on-quarter increase in exposure to Bitcoin's largest corporate proxy.
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