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BBX News: Yesterday's data showed that the encryption industry is accelerating its differentiation - "institutional treasury consolidation" and "decline of traditional retail channels" are occurring simultaneously. Core points: Strategy (NASDAQ: MSTR): Purchased 24869 BTC from May 11-17 for approximately $2.01 billion (average price $80985), with a total holding of 843738 BTC (cost approximately $63.87 billion, average price approximately $75700), and a BTC yield of approximately 9.5% since 2026. Bitcoin Depot (NASDAQ: BTM): Chapter 11 application (May 17th), 9000+ATMs immediately offline; Q1 revenue of $83.5 million (-49%), gross profit of -85%, converted from profit to loss of $9.5 million; Regulatory bans and fraud losses of $389 million are the main reasons; The stock price has dropped by about 75%. ⚠️ The existing equity is facing zero risk. BitFuFu (NASDAQ: FUFU): In April, it produced 207 BTC (self mining 43+cloud mining 164), held 1882 BTC, and had a computing power of approximately 25.9 EH/s. Source: bbx.com