Woofun AI reports that JPMorgan analysts characterize Strategy’s newly launched Bitcoin sale policy as introducing "avoidable two-way risk" to the market. The BTC Monetization Program permits the firm to sell Bitcoin to raise up to $1.25 billion for dividend payments, interest expenses, or share repurchases. JPMorgan argues that issuing equity instead would have mitigated this volatility. While Strategy holds $2.55 billion in cash, covering 17 months of obligations, JPMorgan recommends increasing reserves to cover 24 to 36 months to prevent forced short-term Bitcoin sales.