Franklin Templeton Analysts Sound Alarm on Corporate Cryptocurrency Treasury Strategies, Cite 'Negative Chain Reaction' Risk

Analysts at Franklin Templeton Digital Assets have analyzed corporate cryptocurrency treasury strategies, noting benefits during market upswings but warning of potential 'negative chain reactions.' Currently, 135 publicly traded companies have adopted cryptocurrency holding strategies centered around Bitcoin. The Block reported these findings on the 3rd. Inspired by Michael Saylor's strategy (formerly MicroStrategy), these companies have raised billions of dollars since early 2024. They have utilized methods such as issuing stocks, convertible bonds, and preferred shares to fund their investments in Bitcoin (BTC...