Photo by BeInCrypto Strategy (formerly MicroStrategy) is the largest corporate holder of Bitcoin, owning 671,268 BTC, which represents over 3.2% of all Bitcoin in circulation. That makes the company a high-risk keystone in the Bitcoin ecosystem.  If it falls apart, the impact could be larger than the 2022 FTX collapse. Here’s why that threat is real, what could trigger it, and how bad the fallout could be. MicroStrategy Is a Leveraged Bitcoin Bet MicroStrategy’s entire identity is now tied to Bitcoin. ...