JPMorgan says Strategy Inc.'s new financing plan is adding fresh uncertainty to Bitcoin by creating the chance that one of the market's biggest buyers could also become a seller.
The bank said Strategy's decision to allow selective Bitcoin sales to help cover preferred-stock dividends adds a new risk for investors. JPMorgan estimates Strategy has bought about $8.2 billion in Bitcoin this year and holds roughly 4.2% of total supply.
Strategy says its cash reserves and authorized Bitcoin sales give it just over two years of dividend coverage.
🔥 BIG: Open Standard announces Open USD $OUSD, a stablecoin backed by 140+ partners including Visa, Stripe, Mastercard, BlackRock, Google and Coinbase.
BREAKING: $MSTR is up 12.80% and $STRC is up 12.24% today.
The market is reacting to Strategy's new capital framework, which includes up to $1 billion in MSTR buybacks and another $1 billion in Digital Credit Securities buybacks.
Investors appear to be pricing in the expectation that Strategy will actually start buying back both, not just holding the authorization in reserve.
The bigger signal is the STRC dividend rate hike to 12.00%, starting July 1.
That's a big move to push STRC back toward its $100 peg, and the market is treating it as credible enough to rally both securities together.
This is optimism building around active capital management rather than just Bitcoin accumulation, the market is betting Strategy can actually defend STRC's price this time.
BREAKING: 🇪🇺 Binance confirms it will not obtain a MiCA license before the June 30 deadline.
Starting July 1, service restrictions will begin:
• No new users
• No new positions
• Services will be gradually reduced
• Existing users can close positions and withdraw their crypto at any time
• Crypto withdrawals will remain available after July 1
This shows how serious the EU’s MiCA regulations have become.
Crypto companies without a MiCA license must stop their operations in the EU.
July 1, 2026 could be one of the most significant regulatory turning points for the European crypto market.
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STRATEGY CLASS ACTION LAWSUIT INVESTIGATION GOES LIVE: INVESTORS CAN JOIN WITH A SINGLE CLICK
Rosen Law Firm has launched a webpage allowing investors who purchased Strategy securities ($MSTR, $STRF, $STRC, $STRK, and $STRD) to join its prospective class action investigation with a single click.
The firm is investigating whether Strategy and its executives may have issued materially misleading statements to investors regarding the company’s business, Bitcoin treasury strategy, profitability, and the risks associated with its leveraged Bitcoin accumulation model.
The investigation comes after a sharp decline in Strategy shares and related securities.
It is not a finding of wrongdoing, but an investigation into potential securities claims.
Strategy has not publicly responded.