$ETH The regulated digital asset bank Sygnum stated that the company Strategy is building an excessive position in BTC using borrowed funds; however, this approach may distort liquidity and market sentiment, creating long-term risks to the stability of Bitcoin and its broader acceptance by institutional investors. Ultimately, this could undermine Bitcoin's suitability as a reserve asset for central banks. Analysts believe that Strategy's holdings are approaching a critical threshold: the company owns nearly 3% of the total Bitcoin issuance, but effectively controls a much larger share of the circulating supply.