JPMorgan says MSTR could buy $30B in Bitcoin this year, driving stock volatility.

MSTR Strategy Inc. shares dropped 4.5% after JPMorgan analysts projected the company could purchase $30 billion worth of Bitcoin in 2026, accelerating from $22 billion in previous years. The company has already acquired about 145,834 Bitcoin valued at $11 billion this year, mostly when prices were below its average cost of $75,000. Investor demand remains strong, pushing the stock's premium to net asset value to 26%, enabling easier financing for further Bitcoin purchases. MSTR holds 818,334 Bitcoin, the largest corporate holding globally, while technical analysis shows the stock testing support after a recent 45% rally.