JPMorgan Turns Cautious as Strategy’s Bitcoin Reserve Cushion Shrinks

JPMorgan analysts shifted to a cautious stance on digital assets after Strategy’s dollar reserve fell to $900 million. The reserve covered approximately 6.3 months of preferred stock dividend payments as of May 31. Strategy sold 32 BTC between May 26 and May 31 and used the proceeds for STRC dividends.
BTC2.63%
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