JPMorgan Chase (NYSE: $JPM) says that Strategy’s newly adopted policy that enables it to sell its Bitcoin (CRYPTO: $BTC) holdings adds new risks to the cryptocurrency market. 

Analysts at the largest U.S. bank say that Strategy’s (MSTR) decision to allow selective Bitcoin 
sales to fund the dividend on its preferred stock (NASDAQ: $STRC) has introduced “two-way risk” into crypto markets, increasing both uncertainty and volatility.

JPMorgan is critical of Strategy’s new policy that allows for Bitcoin sales to support preferred dividend payments, while also authorizing preferred stock repurchases and share buybacks. 

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