The OG bank boss, famous in the industry for his Bitcoin hate, just cashed out nearly a quarter of a billion worth of stock. 

Jamie Dimon dropped 866,361 shares of JPM at $269.83 each, walking away with a cool $234 million – not a bad payday. 

And he did it right as JPMorgan was printing fresh all-time highs while their blockchain platform Kinexys (formerly Onyx) continues to eat into enterprise blockchain market share.

The Perfect Exit?

The timing on this one is either suspect or a prime example of good marketing timing and not trying to chase your gains ever higher in true Icarus fashion. 

JPM just tagged $278, up 44% on the year, before Dimon decided to start hitting the sell button.

He spread the sale across family trusts, LLCs, and even his spouse's account – classic billionaire moves for someone who used to call Bitcoin a fraud.

This isn't just a one-off sale either, as Dimon has been slowly heading for the exit since 2024.

In his defense, he hasn't sold a single share for 19 years as CEO until last year, when he suddenly dropped $182 million worth of the stock. 

Now, he's planning to dump another million shares by August.

The Kinexys Factor

JPMorgan's rebranded blockchain arm is doing numbers that would make a DeFi protocol blush – we’re talking $1 trillion in total volume and partnerships that on-chain counterparts could only dream of.

They're tokenizing everything from T-Bills to real estate, and traditional finance is finally starting to get what we've been saying about blockchain.

Even Dimon, who once called crypto a scam, is watching his bank process billions in tokenized assets daily.

JPMorgan says it's just "financial diversification and tax planning," which, again, to be fair, would make sense from a guy running one of the largest banks in the world.

But, to your average person, this looks a lot like big bosses potentially once again selling the top before something goes sideways – anyone who remembers 2008 is getting nervous. 

They're also quick to remind everyone that Dimon still believes in JPM's future, just not enough to keep his shares while their blockchain platform is taking off.

Maybe it’s the changing of the guard, maybe Dimon is alienated by this new tech, or maybe diamond-handing something for two decades does, eventually, get tiresome. 

Whatever it might be, at 68 years old, the bank boss is finally ready to touch grass and count his billions, leaving his successors to handle the unfolding digital transformation.

A New Era For Banks

When the CEO who has held through that 2008 financial crisis we mentioned starts selling at all-time highs while his bank is leading the TradFi charge into tokenization, people tend to pay attention.

The succession rumors are getting loud – who might be the next big wig to steer this multi-billion dollar banking ship?

Kinexys might be the key to understanding JPM's future direction, given its increasingly outsized role in the bank's tech stack.

All we know is that Dimon, the guy who once called Bitcoin worthless, is watching his legacy bank become one of crypto's biggest enablers….

Think he’ll buy some Bitcoin with all that money – you know, just in case?