MicroStrategy bought $2 billion in Bitcoin over the past six months, potentially exacerbating a new market downturn, JPMorgan warned in an investor note on Thursday. It is reported that MicroStrategy recently purchased $821 million worth of Bitcoin between February 26 and March 10, after selling $1.2 billion of senior convertible notes at the beginning of the year. Analysts at JPMorgan Chase believe that MicroStrategy’s debt-financed Bitcoin purchases increase the risk of leverage and bubbles in the current cryptocurrency rally, as well as the risk of more severe deleveraging during a potential future downturn. (dlnews)