NUM

Sygnum warns that excessive accumulation of Bitcoin by enterprises may affect its status as a central bank reserve currency

According to ChainCatcher news, The Block reported that digital asset bank Sygnum released a report indicating that companies like Strategy (formerly MicroStrategy) are continuously increasing their Bitcoin holdings through leverage, which may undermine Bitcoin's suitability as a central bank reserve asset. Data shows that Strategy currently holds 582,000 Bitcoins, accounting for 2.8% of the total supply, with an unrealized gain of approximately $22 billion.The report suggests that excessive concentration of Bitcoin holdings by companies could lead to decreased liquidity and increased price volatility, thereby affecting central banks' willingness to allocate. Currently, 144 companies worldwide have established Bitcoin reserves, of which 114 are publicly traded companies. Bernstein estimates that the scale of this sector could grow by $33 billion over the next five years.Sygnum specifically pointed out that some companies are increasing their Bitcoin holdings through leveraged tools such as bond issuance, and their operational models have deviated from traditional corporate financial strategies. If the market turns bearish, it could trigger a wave of selling and exacerbate price declines. Currently, countries like the United States and the Czech Republic have begun exploring the inclusion of Bitcoin in national reserves, but Sygnum believes that excessive accumulation by companies may delay this process.
2025-06-11
ChainCatcher Building the Web3 world with innovators