Breaking news confirmed: a leading stablecoin issuer holds 87,296 Bitcoins, and this number is not to be taken lightly.

At the current price of $104,000, the market value of this batch of BTC soars directly to $9.09 billion, accounting for 5.6% of its total reserves—almost double the scale of last year!

Why did things suddenly blow up? Because the timing is too sensitive:

S&P has just downgraded this institution's reserve stability rating to "weak", with the straightforward reason being - "too much exposure to Bitcoin, and the risk buffer is pitifully thin". Prominent investor Jason Calacanis even publicly urged: hurry up and liquidate to switch to US Treasuries, don't play with fire!

The CEO firmly responded: We continuously use 15% of our profits to buy BTC, this is a strategy, and we do not accept any questioning.

The market is now polarized:

Optimists believe that if Bitcoin continues to rise, this institution will become the most hardcore whale player, and the belief value of stablecoins can rise again.

Pessimists worry that if the coin price is halved and a wave of redemptions occurs, will the nightmare of that explosion in 2022 replay?

To be honest, using Bitcoin at the level of 9 billion USD as a reserve asset is no longer just radical; it resembles a kind of gamble.

What do you think? Is this hoarding strategic weapons, or is it setting a time bomb for themselves? Let's discuss both bullish and bearish views.