{"id":161747,"date":"2025-07-03T18:12:26","date_gmt":"2025-07-03T15:12:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=161747"},"modified":"2025-07-03T18:12:26","modified_gmt":"2025-07-03T15:12:26","slug":"franklin-templeton-warns-of-serious-risks-in-institutional-bitcoin-treasury-strategies","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/franklin-templeton-warns-of-serious-risks-in-institutional-bitcoin-treasury-strategies\/","title":{"rendered":"Franklin Templeton Warns of Serious Risks in Institutional Bitcoin Treasury Strategies"},"content":{"rendered":"
In a recent report cited by The Block, the firm\u2019s analysts highlighted both the momentum and potential dangers of public companies adopting Bitcoin and other digital assets as part of their corporate balance sheets.<\/p>\n
The model\u2014popularized by Michael Saylor\u2019s firm Strategy\u2014has inspired a wave of public firms to follow suit. In addition to Strategy, companies like Metaplanet and Twenty One have adopted BTC-focused treasury allocations. Others, including SharpLink, Upexi, and Sol Strategies, are pursuing similar approaches using Solana (SOL) or Ethereum (ETH).<\/p>\n
According to Franklin Templeton\u2019s analysts, the future of institutional crypto treasuries remains uncertain and hinges on a number of financial dynamics\u2014particularly the market-to-NAV (net asset value) ratio. If this ratio dips below 1, new stock issuances could become dilutive, making it difficult for companies to raise capital without negatively affecting existing shareholders.<\/p>\n
The report warns that in such cases, capital formation may stall, putting pressure on firms to unwind their crypto positions. \u201cIf cryptocurrency prices fall, companies may be forced to sell assets to protect stock valuations, leading to further price declines,\u201d the analysts wrote.<\/p>\n