BBX: Strategy Retains Cash, Strive Backs Low Positions, and Franklin Templeton's Franklin Crypto Full Analysis
BBX News: Yesterday, Strategy and Strike submitted an 8-K to the SEC. Franklin Templeton officially entered the active management of digital assets track. The three companies collectively present the most core structural evolution of cryptocurrency concept stocks. Core points: - Strategy Inc. (Nasdaq: $MSTR): purchased 520 BTC from June 15th to 21st, with an average price of $67068 and a cost of approximately $34.9 million; During the same period, the stock sale raised $335.5 million, with approximately $300 million in retained cash (the cash pool increased to approximately $1.4 billion); STRC rebounded after falling to a temporary low of $82.53, and CEO Phong Le publicly bought $1 million STRC to boost confidence; The total position is 847363 BTC, with an average price of $75651. - Strike Inc. (Nasdaq: $ASST): On June 22, 8-K disclosed the purchase of 759 BTC, with an average price of approximately $65850, or approximately $50 million; The average purchase prices for the four purchases this year are approximately $76989, $74092, $63646, and $65850, respectively, showing a selective low position addition feature; Zero debt operation, financed solely through ASST equity and SATA preferred stock; Only two publicly traded net buy listed Bitcoin Treasury companies, along with Strategy, were listed on June 22nd. Franklin Templeton (NYSE: $BEN) officially completed the acquisition of 250 Digital on June 22; Establish Franklin Crypto department, focusing on institutional level proactive management of digital asset strategies; Christopher Perkins, co-founder of 250 Digital, serves as the head, while Seth Gins serves as the CIO; Provide proactive encryption strategies through Franklin's global distribution network; Previously, spot Bitcoin ETFs and tokenized money market funds FOBXX have been established. Source: bbx.com