Every Zipp story tagged #BTCYield, newest first.
Corporate Bitcoin treasuries face a capital-structure test: preserving a stash can shift the cost of a crypto loss onto shareholders.
Investors are moving beyond coin counts to shareholder math as Strategy's BTC Yield slides, Metaplanet trades below its holdings, and European entrants seek funding on terms nobody has priced yet.
Strategy's BTC Yield slides, Metaplanet trades below its coin stash, and a clutch of European treasury newcomers are asking public markets to fund them on terms nobody has priced yet.
Treasury stocks trading below the value of their coins are supposed to be screaming buys. The catch is dilution: every new share printed to buy more BTC erases the discount.
The new dashboard metric says a constant 11.34% annual Bitcoin decline would push modeled coverage below 1.0x across a 5.79-year weighted credit duration, defining where restructuring enters…
The treasury added $100M of Bitcoin yet per-share stack growth halved, exposing the gap between headline holdings and the metric Strategy itself invented to sell the thesis.
Strategy's preferred hit an $82.61 intraday low on June 18 as the market priced in a roughly 13% effective yield — exposing how fragile the $10.5B perpetual-preferred model is when confidence slips,…
The public fight is over a 0.2-point drop in BTC Yield, but the underlying question — whether Saylor's preferred KPI still proves Strategy is creating shareholder value — is the one short sellers are…
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