TechFlow news, July 3. According to Bloomberg, JPMorgan Chase released a research report stating that the financing model reform of Michael Saylor's Strategy Inc. has altered Bitcoin market dynamics—the company selectively sells Bitcoin to pay preferred stock dividends and manage its balance sheet, transforming it from one of the largest buyers in the Bitcoin market to a potential seller, introducing "avoidable" two-way flow risks to the market. JPMorgan Chase believes that Strategy needs to hold liquidity reserves sufficient to cover dividend payments for the next two to three years to eliminate market concerns regarding its forced liquidation of Bitcoin holdings.
Add to Favorites
Share to Social Media
