JPMorgan warns Strategy Inc. could become a net Bitcoin seller after the company authorized up to $1.25 billion in potential BTC sales to cover dividends.

Bitcoin dropped over 3% to $58K after Strategy Inc authorized up to $1.25 billion in BTC sales, marking a major shift from its accumulation-only playbook.

Strategy authorized $1.25 billion in Bitcoin sales to boost reserves to $3.8 billion, breaking its 'never sell' stance while holding 847,363 BTC.