BlockBeats reports that on June 11, regulated digital asset bank Sygnum stated that Strategy is accumulating excess BTC holdings through leverage. However, such practices could distort liquidity and market sentiment, posing long-term risks to Bitcoin's stability and its broader adoption among institutional allocators, thereby undermining Bitcoin's viability as a central bank reserve asset.
Analysts believe that Strategy's holdings are nearing a critical threshold. The company holds close to 3% of Bitcoin's total issuance, but its share of the actual circulating supply is significantly higher. (The Block)
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