Search results for BTC Gain
Crypto
Strive buys 17.76 bitcoin in sharp selloff, raising questions over dividend burden
Asset manager Strive bought an additional 17.76 bitcoin last week, lifting its total holdings to 19,882, according to an 8-K filing. The purchase was made from June 29 to July 2 at an average price of about $59,850. Strive said its second-quarter bitcoin yield was 24.0 percent, while noting the metric is not traditional and does not reflect debt or preferred claims. Cash holdings rose, but dividend obligations tied to its SATA preferred shares increased.
Crypto
Strategy touts \'BTC profit of $1.3 billion\' but is it separate from shareholder returns?
Strategy said it generated 17,585 BTC of “BTC Gain” in the first two weeks of April, which Chairman Michael Saylor valued at $1.3 billion. The figure is a company-defined non-GAAP metric that differs from actual net income. It reflects bitcoin holdings growth adjusted for share dilution and does not show cash flow, accounting profit or preferred dividends. Strategy’s bitcoin portfolio remains slightly underwater at current prices.
Crypto
Saylor\'s new math sparks debate over Strategy\'s $1.2 billion \'BTC Gain\'
Michael Saylor presented Strategy\'s weekly \'BTC Gain\' as 16,622 bitcoin, worth about $1.2 billion, calling it the closest metric to net income on a bitcoin basis. The figure followed the company\'s purchase of 22,337 bitcoin from March 9 to 15, funded largely through a perpetual preferred share and common stock sales. Critics note the metric is non-GAAP and does not reflect dividends, debt costs or other capital expenses.