JPMorgan’s $30 billion Strategy call exposes Bitcoin’s new market fault line

A May 7 JPMorgan client note estimated that Strategy could buy roughly $30 billion in Bitcoin in 2026 if Michael Saylor’s company maintains its current purchasing pace. That figure positions Strategy alongside spot ETF flows and miner supply as a structural force in Bitcoin’s demand architecture. Strategy holds 818,869 BTC acquired for $61.86 billion at an average cost of $75,540, and with $26.35 billion of MSTR stoc…