6.6 Markets 摩根大通警告Strategy新比特币出售政策增加“双向”风险，建议提升现金储备，并称大额BTC出售或扰乱市场。
摩根大通分析师对Strategy（前身为MicroStrategy）最新的比特币出售政策表达担忧，认为该政策引入了“双向”风险，增加了加密货币市场的不确定性和波动性。该政策允许Strategy出售最多12.5亿美元的比特币，用于支付优先股分红、利息支出和股票回购，这标志着公司从此前的“买入并持有”策略发生转变。 截至6月底，Strategy的现金储备为25.5亿美元，可覆盖约17个月的财务义务，但摩根大通建议应覆盖24至36个月，以增强投资者信心。分析师认为，通过发行普通股来增加现金储备优于出售比特币，因为Strategy持有约4%的比特币总供应量。 摩根大通指出，公司大规模买卖比特币的能力可能进一步加剧市场波动并推高融资成本。近期包括以250万美元出售32枚BTC在内的交易，已引发市场讨论并导致比特币价格下跌。
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