🔥JPMorgan believes that Strategy may need to continue selling $BTC


Although only selling 32 BTC, equivalent to approximately 0.004% of the total $BTC held, Strategy still disappoints many investors. Saylor and Strategy have become symbols of the philosophy "never sell Bitcoin."
Therefore, Strategy selling such a small amount of $BTC has already shattered the community's ironclad trust, even the most steadfast #Bitcoin investors sell when facing financial pressure.
Strategy's cash reserves as of May 31st are about $900M, a sharp decrease from nearly $2B earlier due to spending approximately $1.5B to repurchase the 2029 convertible bond lot.
And with this cash amount, Strategy only has enough to pay dividends until the end of this year; if things continue to worsen, selling more $BTC is unavoidable.
BTC3.5%
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