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Bitcoin treasury firms clash over Bitcoin-per-share metric amid dilution concerns.
Michael Saylor of Strategy and Jack Mallers of XXI Capital publicly dispute the value of Bitcoin-per-share (BPS) as a performance metric for Bitcoin treasury companies. Saylor defends BPS, arguing it reflects the value of Bitcoin backing each share b...

American Bitcoin Corp. joins Fortune's Crypto 100 with nearly 7,500 BTC reserves.
American Bitcoin Corp., founded by Eric Trump and Donald Trump Jr., earned a spot on Fortune's inaugural Crypto 100 list, recognizing top companies in digital assets. The Miami-based firm, majority-owned by Hut 8 Corp., combines large-scale Bitcoin m...

Michael Saylor and Jack Mallers debate Strategy's bitcoin valuation and dilution metrics at BTC Prague.
At BTC Prague, Michael Saylor and Jack Mallers debated how to assess Strategy's bitcoin valuation and dilution. Saylor argued that multiple-to-net asset value (mNAV) can include common equity, preferred equity, and convertible debt, but also emphasiz...
