JPMorgan Chase: Strategy's Bitcoin purchases may reach $30 billion this year.

Michael Saylor's Strategy (formerly MicroStrategy) has continued to accelerate its Bitcoin acquisitions this year. JPMorgan analysts suggest that if the current pace continues, its total Bitcoin purchases for the year could reach approximately $30 billion. To date, Strategy has acquired 145,834 Bitcoins this year, worth approximately $11 billion. Analysis indicates that Strategy's large-scale purchases occurred when Bitcoin was below its average cost of approximately $75,000, reflecting a more "opportunistic" allocation strategy. At the current rate, Strategy's total Bitcoin purchases in 2026 could significantly exceed the approximately $22 billion levels of 2024 and 2025. Analysts say the company's renewed acceleration of purchases since April shows its strategy is becoming more reliant on market conditions and financing availability. Meanwhile, Strategy's stock continues to trade at a premium of approximately 26% to its net asset value (NAV), providing favorable conditions for continued Bitcoin purchases through equity and debt financing. The company currently holds approximately 818,334 BTC, with a total value exceeding $65 billion. (The Block)