Viewpoint: If the Strategy continues to increase its holdings of BTC, it may weaken the applicability of its Central Bank reserves.

GateUser-6433627c · 2025-06-11T13:50:08+00:00

Sygnum stated that the Strategy accumulates a large amount of Bitcoin through leverage, which may affect market liquidity and sentiment, increasing the stability risk of Bitcoin and undermining its suitability as a Central Bank reserve asset. Analysis indicates that its Holdings are close to the critical point, accounting for 3% of the total Bitcoin supply.

GateUser-6433627c

2025-06-11 13:50:08

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On June 11, Sygnum, a regulated digital asset bank, said that Strategy is accumulating excess BTC holdings through leverage, but that this practice could distort liquidity and sentiment, posing a long-term risk to Bitcoin’s stability and its wider adoption by institutional allocators, thereby weakening Bitcoin’s suitability as a central bank reserve asset. Analysts believe that Strategy’s holdings are approaching a tipping point where problems arise, with the company’s holdings of bitcoin accounting for close to 3% of total bitcoin issuance, but a much higher percentage of the actual circulating supply. （The Block）

BTC-1,4%

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