Michael Saylor Introduces BPS and CEBE BPS Metrics for Bitcoin Treasury Companies

TLDR: Michael Saylor introduced BPS, CEBE BPS, and BTC Yield to standardize Bitcoin treasury company evaluation. Strategy holds 845,256 Bitcoin worth $54.5 billion, with BPS at 220,016 satoshis per diluted share. CEBE BPS drops to 118,000–134,000 satoshis after deducting $6.75B debt and $15.5B preferred stock. BTC Yield of 12.8% year-to-date tracks BPS growth, though critics [...]

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