[JPMorgan: Strategy May Purchase $30 Billion Worth of Bitcoin This Year]
According to The Block, JPMorgan stated that based on the current pace of purchases this year, Strategy's Bitcoin acquisition could reach approximately $30 billion in 2023, surpassing the levels of around $22 billion in both 2025 and 2024. The report noted that Strategy has already increased its holdings by 145,800 Bitcoins this year, valued at approximately $11 billion, with most purchases occurring when Bitcoin's price was below its average acquisition cost of around $75,000. JPMorgan highlighted that the premium to net asset value for Strategy has expanded to about 26% over the past two months, which supports its ability to continue funding Bitcoin purchases through equity and debt issuance.
