JPMorgan analysts stated that if the current pace continues, the total Bitcoin purchase volume for the year could reach approximately $30 billion. To date, Strategy has accumulated 145,834 Bitcoins this year, worth about $11 billion.

The analysis pointed out that the large-scale buying by Strategy occurred when Bitcoin was below its average cost of around $75,000, reflecting a more "opportunistic" allocation strategy. Based on the current speed, Strategy's Bitcoin purchases in 2026 could significantly exceed the approximately $22 billion levels of 2024 and 2025.
The analysts said that since April, the company has accelerated its buying again, indicating that its strategy is increasingly dependent on market conditions and financing availability.
Meanwhile, Strategy's stock continues to trade at about a 26% premium to its net asset value (NAV), providing favorable conditions for its ongoing Bitcoin purchases through equity and debt financing.
The company currently holds about 818,334 BTC, with a total value exceeding $65 billion. $BTC ‌#Gate广场五月交易分享