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Shenchao TechFlow News, July 3 – According to Bloomberg, JPMorgan Chase released a research report stating that Michael Saylor’s Strategy Inc. has changed Bitcoin market dynamics through its financing model reform. The company selectively sells Bitcoin to pay preferred stock dividends and manage its balance sheet, shifting from one of the largest buyers in the Bitcoin market to a potential seller, introducing "avoidable" two-way flow risk into the market. JPMorgan believes that Strategy needs to hold enough liquidity reserves to cover dividend payments for the next two to three years in order to eliminate market concerns about its forced liquidation of Bitcoin holdings.