Sygnum: Strategy Bitcoin holdings exceed 582000, may affect the applicability of central bank reserves

According to Foresight News, regulated digital asset bank Sygnum has stated that Strategy is accumulating excess BTC holdings through leverage, but this approach may distort liquidity and sentiment, posing long-term risks to Bitcoin's stability and wider adoption by institutional allocators, thereby weakening its suitability as a central bank reserve asset. Analysts believe that Strategy's holdings are approaching a critical point of problems, with the company holding nearly 3% of the total Bitcoin issuance, but accounting for a much higher proportion of the actual circulating supply.