Michael Saylor explained that Bitcoin treasury firms should use multiple metrics to assess Bitcoin exposure. Bitcoin Per Share (BPS) measures Bitcoin per common share before accounting for senior claims like debt and preferred stock, reflecting growth potential. Common Equity Bitcoin Exposure (CEBE) BPS measures Bitcoin per common share after these claims, serving as a conservative risk metric. The difference between BPS and CEBE BPS, called amplification, highlights how liabilities impact shareholder returns and risks. Saylor emphasized that liability duration and funding costs influence which metric matters more. This framework helps investors understand the balance between Bitcoin growth and financial obligations in treasury firms like Strategy, especially after recent Bitcoin sales and share offerings by the company.
Defiance ETFs announced a temporary trading halt of its Defiance Daily 2X Space ETF (SPCL) on the Cboe BZX Exchange starting June 14, 2026, due to significant market volatility linked to SpaceX's recent IPO and NASDAQ debut. The halt is expected to l...
In May, consumer prices for computer software and accessories surged 14.5% year-over-year, marking the largest increase since 2000. This spike is driven by AI data centers consuming most of the global chip supply, causing RAM prices to soar nearly 29...
California Resources (CRC) is set to benefit from a regulatory compromise allowing thousands of new oil wells in Kern County while imposing stricter offshore drilling rules. The company's merger with Berry Corporation improves operational efficiency,...
XRP recently fell below its crucial $1.32 support, trading around $1.15 amid a bearish trend. However, on-chain data reveals strong network activity with over one million daily transactions and high payment volumes, indicating sustained usage despite...
The Bank of Japan and Federal Reserve meetings on June 15-17 could cause significant market volatility, especially for cryptocurrencies. The BOJ may consider a rate hike due to a weakening yen and rising import costs, while the Fed is expected to hol...
