JPMorgan recently issued a statement criticizing its own Strategy division’s approach to selling bitcoin. The bank argues that the policy introduces a "two‑way risk" that can amplify market uncertainty for crypto assets.
Under the current policy, the Strategy team sells bitcoin to fund operations, which JPMorgan claims can create price swings as the market reacts to large sales. The bank suggests that this practice may be avoidable.
Instead, JPMorgan recommends that the firm raise capital through equity issuance, thereby building cash reserves without impacting bitcoin prices. The bank believes this approach would reduce volatility.
The comments come amid heightened scrutiny of crypto market dynamics and the role of institutional actors. Analysts note that while JPMorgan’s view is influential, it remains a single perspective within a broader debate.
Whether the bank’s recommendation will influence broader industry practices remains uncertain. JPMorgan’s critique highlights ongoing concerns about how institutional sales strategies affect market stability.