MSTR Plunges 4% As JPMorgan Says Saylor Is On Pace For A $30 Billion Bitcoin Year
Strategy Inc. (NASDAQ:MSTR) dropped 4.5% on Thursday as JPMorgan analysts said the company’s Bitcoin (CRYPTO: BTC) purchases could reach $30 billion this year at the current pace.
Strategy Buying Faster Than 2024 And 2025
Strategy has added 145,834 Bitcoin worth roughly $11 billion year-to-date. Much of the buying happened while Bitcoin traded below the company’s estimated average purchase cost of around $75,000.
JPMorgan estimates the annualized run rate would be significantly higher than in 2025 and 2024, when the company bought around $22 billion worth of Bitcoin in each year.
The analysts noted Strategy re-accelerated Bitcoin purchases in April, extending a 2026 pattern of increasingly opportunistic buying responsive to both market conditions and financing availability.
Premium To NAV Expands To 26%
Investor demand for Strategy shares has remained …
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