Strategy just crossed 700k BTC but its “circular” Bitcoin funding loop risks a massive high-yield credit disaster

CryptoSlate - January 20, 2026

Strategy just crossed 700k BTC but its “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 3.5…

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