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 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 The post Michael Saylor just crossed 700k BTC but his “circular” Bitcoin funding loop risks a massive high-yield credit disaster appeared first on CryptoSlate.