JPMorgan Urges Strategy to Rebuild Dollar Reserves

JPMorgan analysts suggest Strategy may need to rebuild dollar reserves to restore investor confidence.

JPMorgan analysts believe Strategy may need to rebuild its dollar reserves to restore investor confidence and alleviate concerns about potential Bitcoin sales. In December 2025, the company established a $1.44 billion reserve for preferred stock payouts and debt servicing. The bank has also adopted a more cautious assessment of digital assets and estimates the likelihood of a U.S. bill on crypto market structure being passed in 2026 at less than 50%.