JP Morgan Warns Strategy's Financing Shift Creates Bitcoin Market Risk on July 3

BTC1.65%
According to JP Morgan, on July 3, Strategy's revised financing strategy now allows selective Bitcoin sales to fund preferred share dividends and manage balance sheets, creating what the bank called "avoidable" two-way flow risks. Previously a major crypto buyer, Strategy could now become a seller, increasing market uncertainty. JP Morgan recommended Strategy maintain larger cash reserves covering two to three years of dividend payments to assure investors it would not be forced to liquidate Bitcoin holdings.
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