Futu approved for a $20 million quota, DraftKings enters the Web3 treasury, Greenidge retains all funds
According to BBX data, as the first complete trading week of the second quarter began yesterday, global listed companies disclosed several key data points regarding "cross-border accumulation":
$20 million accumulation: Futu Holdings (NASDAQ: $FUTU) announced before the market opened yesterday that the board has officially approved a $20 million allocation for cryptocurrency assets, with the first batch of BTC and ETH already completed compliance institutional custody, aimed at optimizing its global multi-currency balance sheet.
$15 million initial position: DraftKings (NASDAQ: $DKNG) disclosed that it has completed a strategic allocation of $15 million in Bitcoin. As a major player in North American sports betting, the company plans to use this reserve as the underlying clearing fund for its upcoming "Web3 event prediction market."
100% hash rate retention: Greenidge Generation (NASDAQ: $GREE) released operational guidance for March and early second quarter yesterday, announcing that its mining facility in New York State has officially entered the 100% output retention phase and has further reduced the acquisition cost of a single BTC by utilizing off-peak electricity prices.
$5 million IP anchoring: Lionsgate (NYSE: $LGF.A) confirmed yesterday that it has allocated $5 million to purchase Bitcoin. This marks the first time a leading Hollywood studio has included digital hard assets on its balance sheet, aiming to provide real asset backing for the on-chain tokenization (RWA) of its future film IP.
Treasury hedge infrastructure: Cboe Global Markets (BATS: $CBOE) announced yesterday the launch of two new "enterprise-level Bitcoin volatility index options," specifically designed for listed companies with more than 500 BTC on their balance sheets, helping them smooth out the fluctuations in book value during quarterly reporting periods.
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