Nostr Web Client

https://www.businesswire.com/news/home/20250423962305/en/Tether-SoftBank-Group-and-Jack-Mallers-Launch-Twenty-One-a-Bitcoin-native-Company-Through-a-Business-Combination-With-Cantor-Equity-Partners

DRE 8mo ago

“Twenty One is built to accumulate Bitcoin and grow ownership per share, not just track it.

As part of its launch, Twenty One will introduce two key performance metrics, to reflect its Bitcoin-denominated capital structure and Bitcoin-focused mindset.

Bitcoin Per Share (BPS): Amount of Bitcoin each fully-diluted share represents, reflecting shareholder ownership in Bitcoin rather than fiat earnings per share

Bitcoin Return Rate (BRR): Rate at which BPS grows over time, denominating the company’s performance in Bitcoin”

Rebranding Saylor’s BTC Yield and BTC Gain lol

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Discussion

ODELL 8mo ago

not really, if you go to strategies website they make it intentionally confusing to figure out bitcoin per share

DRE 8mo ago

They have a more complex capital structure, but the website has a SHARES tab with the breakdown of all their shares and their bitcoin holdings. They even add up the total for the assumed diluted shares outstanding. If people can’t figure out how to get from A to B from there then they probably shouldn’t be investing.

ODELL 8mo ago

competition is good

DRE 8mo ago

We can agree on that

Deleted Account 8mo ago

Competition happens at the bottom. Collaboration happens at the top.📈🚀

atyh 8mo ago

cooperation is better

nobody 8mo ago

Jack is a stonk salesmen now.

DRE 8mo ago

OPs are pivoting to stonks good again

TheGrinder 8mo ago

but where is this "yield" thing coming from? 1 BTC = 1 BTC, always.

DRE 8mo ago

The BTC Yield, a KPI measuring the percentage growth in MSTR’s Bitcoin per share (relative to assumed diluted shares outstanding), comes from its $42 billion capital raise strategy (the 21/21 Plan) announced in Q3 2024. This plan includes $21 billion in at the market share issuance and $21 billion in convertible bonds over three years. MSTR uses this capital primarily to buy Bitcoin, increasing BTC per share by acquiring Bitcoin faster than it issues shares. This is a bit simplified, but it covers the general strategy Saylor is deploying to grow the company’s Bitcoin holdings.