JUST IN: $4.7 TRILLION JPMORGAN WARNS MICHAEL SAYLOR'S 'STRATEGY' MIGHT BE CREATING A MAJOR RISK PROBLEM FOR THE BITCOIN MARKET.
The bank points out that Strategy's latest financing move lets them selectively sell Bitcoin to cover dividends on new preferred stock—turning one of Bitcoin's biggest nonstop buyers into a potential seller and injecting extra uncertainty for investors.
For context, Strategy has scooped up around $8.2 billion worth of Bitcoin this year alone and now controls roughly 4.2% of all $BTC in existence, with enough reserves and sale flexibility to handle over two years of those dividend payments.
BitcoinETFsRecord$221.7MDailyInflows#BitcoinFalls44%FromJanuaryPeak BitcoinReboundsAbove$61K#BTC #bitcoin #BitEagleNews EthereumBreaks$1700Up7.98%#SouthKoreanStocksRise5%
The bank points out that Strategy's latest financing move lets them selectively sell Bitcoin to cover dividends on new preferred stock—turning one of Bitcoin's biggest nonstop buyers into a potential seller and injecting extra uncertainty for investors.
For context, Strategy has scooped up around $8.2 billion worth of Bitcoin this year alone and now controls roughly 4.2% of all $BTC in existence, with enough reserves and sale flexibility to handle over two years of those dividend payments.
BitcoinETFsRecord$221.7MDailyInflows#BitcoinFalls44%FromJanuaryPeak BitcoinReboundsAbove$61K#BTC #bitcoin #BitEagleNews EthereumBreaks$1700Up7.98%#SouthKoreanStocksRise5%