Michael Saylor just crossed 700k BTC but his "circular" Bitcoin funding loop risks a massive high-yield credit disaster

Strategy (formerly MicroStrategy) acquired an additional 22,305 Bitcoin for approximately $2.13 billion between Jan. 12 and Jan. 19, continuing an aggressive accumulation campaign that has absorbed...

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Michael Saylor just crossed 700k BTC but his "circular" Bitcoin funding loop risks a massive high-yield credit disaster

Source: CryptoSlate

Strategy (formerly MicroStrategy) acquired an additional 22,305 Bitcoin for approximately $2.13 billion between Jan. 12 and Jan. 19, continuing an aggressive accumulation campaign that has absorbed 3.38% of the top crypto’s total supply. That works out to 3.55% of the circulating supply of 19.97 million coins. The purchases were executed at an average price of […]

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