Lookonchain APP

App Store
Feeds Articles

JPMorgan: Bitcoin Buying Scale by Strategists This Year Could Reach $30 Billion

2026.05.08 00:32:57

May 8 — JPMorgan Chase said Wednesday that its Bitcoin Strategy could hit roughly $30 billion in annual purchases this year, based on the current pace of buys, topping the approximately $22 billion levels seen in 2024 and 2025. The strategy has already added 145,834 bitcoins so far this year, valued at around $11 billion. Most of those purchases occurred when Bitcoin’s price was below the strategy’s average entry price of roughly $75,000. JPMorgan also noted the strategy’s premium to net asset value (NAV) has widened to about 26% over the past two months, which has helped it expand holdings via equity and debt financing.
Add to Favorites Download image Share x Copy link
Relevant content

Coinbase will suspend perpetual contract trading for 10 tokens, including MEME, SAND, and BIRB.

Coinbase will suspend trading in the following perpetual contracts around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). All remaining open positions will be automatically settled at that time, with the final settlement price calculated as the average index price over the 60 minutes prior to the trading suspension. The funding rate for the last cycle will be set to zero.

3 minutes ago

Goldman Sachs plans to acquire Neos for up to $2.25 billion, thereby gaining a Bitcoin options income ETF with an approximate size of $1 billion.

Goldman Sachs will acquire ETF issuer Neos Investments for up to $2.25 billion through cash and equity transactions. Neos operates nearly 24 options-based income ETFs with around $32 billion in assets under management (AUM); upon deal closure, Goldman Sachs’ ETF AUM is projected to increase to approximately $130 billion. Bloomberg ETF analyst Eric Balchunas noted that the acquisition will give Goldman Sachs access to Neos’ roughly $1 billion Bitcoin Premium Income ETF (BTCI). The fund generates returns via Bitcoin-related assets and option strategies, boasting a distribution yield of around 27% and the ability to capture most of Bitcoin’s upside gains.

3 minutes ago

Pakistani mediators are seeking to extend the ceasefire between the United States and Iran.

According to Saudi Arabia's Al Arabiya TV, Pakistani mediators are seeking to extend the 60-day ceasefire between the United States and Iran.

3 minutes ago

Hyperliquid Plans to Add Token Denomination Adjustment Feature for HIP-1

Hyperliquid founder Jeff announced in a Discord post that, based on developer feedback, HIP-1 will add a deployer-controlled scaleWei feature. The feature enables atomic allocation of tokens from system addresses proportional to users’ holdings of reference tokens, and supports token denomination adjustments. During the adjustment window, unfilled orders will be canceled and re-placed at their actual proportion, while reverse adjustments can be executed via negative parameters. As EVM does not support equivalent atomic operations, relevant contracts may need to integrate custom balance handling logic.

3 minutes ago

Coinbase will suspend perpetual contract trading for 10 tokens including MEME, SAND, BIRB.

Coinbase will suspend perpetual contract trading for the following assets around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). Remaining open positions will be automatically settled, with the final settlement price based on the average index price of the 60 minutes prior to the trading suspension. The funding rate for the last cycle will be set to zero.

3 minutes ago

Stocks shorted by "Big Short" Michael Burry all rallied, with NBIS surging more than 20%.

Today, U.S. stocks rallied broadly on positive CPI data. According to market data from BIT (bit.com), multiple stocks shorted by "Big Short" investor Michael Burry posted notable gains: NBIS rose 20.96% to $233.62, Micron gained 6.26%, NVIDIA climbed 2.93%, and SOXX advanced 2.89%. Per Michael Burry’s August 6 trading update on Substack, he established a large direct short position in NBIS at roughly $211.77 per share. He chose to short the stock directly instead of purchasing put options, as put options at the time carried an implied volatility exceeding 100% and were overpriced.

3 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano