CoinJie.com news: Wall Street bank JPMorgan said that Strategy (MicroStrategy) has decided to allow selective sales of Bitcoin (BTC) to support its preferred stock dividend policy, introducing avoidable “two-way” risk into the crypto market and increasing uncertainty and volatility. The company has set a minimum cash reserve target of about 12 months’ worth of preferred stock dividend and interest expense. Its current $2.55 billion reserve covers approximately 17 months of obligations. JPMorgan analysts believe coverage needs to be increased to 24–36 months to reassure investors, and they think Strategy will not sell Bitcoin in the foreseeable future. Strategy currently holds 847,363 Bitcoin, making it one of the largest corporate holders; its aggressive accumulation strategy has made it a major source of demand for cryptocurrencies.