Strategy just crossed 700k BTC but its “circular” Bitcoin funding loop risks a massive high-yield credit disaster
Strategy (formerly MicroStrategy) acquired an extra 22,305 Bitcoin for roughly $2.13 billion between Jan. 12 and Jan. 19, persevering with an aggressive accumulation marketing campaign that has absorbed 3.38% of the highest crypto’s whole provide. That works out to three.55% of the circulating provide of 19.97 million cash. The purchases have been executed at a…
