🤔 Is Bitcoin at risk of going bankrupt?
Since global (especially U.S.) adoption of $BTC ramped up, more and more companies have started building their own Bitcoin treasuries.
Right now, 834,000 BTC (~$90B) is held on corporate balance sheets — 4% of total supply.
Some key holders:
▪️ MicroStrategy — 592,345
▪️ Tesla — 11,509
▪️ GameStop — 4,710
Many of these companies are even taking on debt to buy more BTC source. But what happens when BTC tanks and lenders come knocking?
▪️ The industry could spiral into crisis — companies might be forced to sell off their BTC to cover debts, crashing the price even harder and dragging others down with them.
For example, Japan’s Metaplanet issued $210M in bonds to buy BTC. What happens if they hit financial trouble?
📉 It’s eerily similar to what happened with FTX — they had to liquidate assets to pay off creditors.
Once a rebellion against the financial system, $BTC is now deeply tied to it. On the upside — it’s earned global recognition and hit the once-unthinkable price of $100K+.
But was it worth the trade-off? Or would Bitcoin have been better off staying independent?
