Pre-market trading for JPMorgan Chase & Co. (NYSE: JPM) appears steady, with the stock holding at around $298.68 (+0.22%), despite mounting pressure from the cryptocurrency community.
The bank finds itself in the eye of a backlash after high-profile crypto voices and firms accused it of targeting Bitcoin-focused entities and launched calls for a boycott.
Norably, the spark of the controversy came when Jack Mallers, CEO of Strike, revealed that JPMorgan Chase abruptly closed his personal accounts in September 2025, citing unspecified compliance concerns. Mallers shared a framed account-closure letter on X, pointing out a longstanding banking relationship that apparently ended without detailed explanation.
JPMorgan issues warning over Strategy
At the same time, the bank’s research division issued a note warning that Strategy (NASDAQ: MSTR) (formerly MicroStrategy), which holds around 650,000 Bitcoin at an average cost between $66,000 and $74,000 per coin could face
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