Strategy's Rising Holdings Risk Making Bitcoin 'Inappropriate' for Central Bank Reserves, Sygnum Warns

Strategy's rising holdings risk making bitcoin 'inappropriate' for central bank reserves, Sygnum warns

Sygnum Bank warns that Strategy’s massive Bitcoin holdings pose risks to BTC's credibility

Sygnum Bank, one of the world’s first regulated digital asset banks, has warned that the increasingly aggressive and leveraged acquisition of Bitcoin (BTC) by public companies could render it inappropriate for use as a central bank reserve. At the center of the debate is Strategy (formerly MicroStrategy), the poster child for corporate Bitcoin accumulation. The company recently announced the purchase of another 1,045 BTC for approximately $110.2…

Strategys’ rising holdings risk making Bitcoin inappropriate for central bank reserves, Sygnum warns

Strategys’ rising holdings risk making Bitcoin inappropriate for central bank reserves, Sygnum warns $BTC #Bitcoin