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Michael Saylor’s Strategy buys 1,142 Bitcoin

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Michael Saylor’s Strategy buys 1,142 Bitcoin

Michael Saylor continued his dollar-cost averaging last week, even as Bitcoin tumbled to its lowest level since 2024 and losses soared.

Summary

  • Strategy continued its Bitcoin accumulation as its unrealized losses rose. 
  • The company bought 1,142 coins last week, bringing its total holdings to 714,644.
  • Wall Street analysts are highly bullish on the MSTR stock.

Strategy continues Bitcoin accumulation

In a statement, Saylor said that his company bought 1,142 Bitcoin (BTC) at the average price of $78,815. This purchase brought its total Bitcoin holdings to 714,644 valued at over $49 billion.

Data compiled by Bitcoin Treasuries shows that its average cost per Bitcoin stood at over $76,052. With the Bitcoin price trading at $69,000, it has suffered a nearly 10% loss. More data shows that it has suffered a $5 billion in unrealized losses. 

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In a report last week, the company said that its operating loss rose to over $17.4 billion as the Bitcoin price plunged. Its net loss soared to $12.4 billion, a trend that may persist if BTC remains in a downtrend. 

Worse, Strategy continues to dilute its shareholders by using its common stock to buy Bitcoin. Data show it has more than $7.9 billion in authorized shares to buy. 

It also has over $20 billion in available STRK preferred shares. As a result, the total outstanding shares jumped to over 300 million, up from 77 million in 2021.

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Wall Street analysts are optimistic of MSTR stock

Still, Wall Street analysts are starting to turn bullish on the Strategy stock, citing the potential BTC rebound. Cantor Fitzgerald analyst maintained an overweight rating with a target of $192.

BTIG analysts have a target of $250, while Canaccord Genuity, Mizuho, and Truist Financial see it soaring to $185, $403, and $268. Data compiled by MarketBeat shows that the consensus target among Wall Street analysts is $347, up by 176% from the current level.

MSTR’s stock recovery will depend on Bitcoin’s rebound. A strong Bitcoin rally will lead to a higher stock price, as it happened on Friday. Strategy jumped by nearly 30% as Bitcoin moved from $60,000 to over $70,000.

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Crypto World

Franklin Templeton Expands Crypto Arm With CoinFund Deal

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Franklin Templeton Expands Crypto Arm With CoinFund Deal

Global asset manager Franklin Templeton is set to expand its crypto footprint by acquiring a spinoff of the crypto-native investment firm CoinFund.

Franklin Templeton said Wednesday it plans to acquire 250 Digital, a CoinFund spinoff that runs liquid crypto investment strategies, expanding the asset manager’s digital asset business. The deal will form part of a new unit called Franklin Crypto once it closes.

The move follows CoinFund’s decision earlier this year to spin out its liquid strategies business into 250 Digital as the company sharpened its focus on venture investing.

Christopher Perkins will lead the new Franklin Crypto, and Seth Ginns will serve as chief investment officer alongside Franklin Templeton digital assets veteran Tony Pecore, as the company broadens its crypto investment platform for institutional clients.

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The deal will incorporate BENJI tokens, which represent ownership shares in the Franklin OnChain US Government Money Fund (FOBXX), a regulated money market fund tokenized by Franklin Templeton in 2021.

Acquisition involves all liquid strategies previously run by CoinFund

Franklin said the undisclosed transaction includes the 250 Digital investment team and all liquid cryptocurrency strategies previously run by CoinFund, and that it will also invest in those strategies as part of the agreement.

The transaction is expected to close in the second quarter of 2026, subject to the execution of definitive transaction agreements, client consents and other customary closing conditions.

Source: Franklin Templeton Digital Assets

Franklin Templeton’s digital asset arm manages around $1.8 billion in assets and is a major institutional player in the crypto industry, where it has been building a presence since 2018.

The company is known for being one of the first to launch a US-listed spot Bitcoin ETF alongside other major asset managers such as BlackRock in 2024.

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Related: Franklin Templeton, Ondo to launch tokenized ETFs with 24/7 trading via crypto wallets

The acquisition comes during a prolonged slump in the crypto market, with Bitcoin down around 45% from its peak above $126,000 recorded in October 2025.

However, Franklin Templeton says the environment is attracting talent and creating opportunities to build long-term infrastructure.

Franklin’s head of innovation, Sandy Kaul, told The Wall Street Journal the recent market selloff helped create an opening to expand.

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“This big selloff that we had in the crypto markets is creating a very unique opportunity that really made us all decide that this is the right time to pull the trigger,” Kaul said.

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