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Today in crypto, Strategy’s $66 billion Bitcoin treasury may be more vulnerable to losing access to capital markets than to a Bitcoin crash, according to a new analysis. Meanwhile, US spot Bitcoin ETFs extended their inflow streak to six trading days, while the US Treasury expanded sanctions targeting Iran’s digital asset sector.
Strategy’s $66 billion Bitcoin treasury faces a bigger near-term risk from losing access to capital markets than from a BTC price crash, according to Regime Intelligence.
Strategy holds 840,447 BTC against roughly $22 billion in debt and preferred claims, but the structure of those obligations is more important than their size, according to Regime Intelligence. With no conventional BTC-linked margin call, the pressure comes from funding roughly $1.76 billion in annual interest and preferred dividends if access to fresh capital tightens.
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