Strategy ganó casi $ 2 mil millones con Bitcoin este año, pero la presentación ante la SEC oculta una cifra mucho mayor
Burns Brief
Strategy (anteriormente MicroStrategy) afirma que sus agresivas compras de Bitcoin han generado una ganancia de casi $2 mil millones de dólares este año a pesar de las claras luchas de precios del principal activo. Los participantes del mercado están sopesando cuidadosamente las implicaciones, y el resultado probablemente dependerá de condiciones macroeconómicas más amplias y del volumen. Esté atento a la reacción de $BTC $NEAR: un movimiento decisivo por encima o por debajo de niveles clave confirmará la próxima tendencia.
Strategy (formerly MicroStrategy) is claiming its aggressive Bitcoin purchases have yielded a nearly $2 billion gain this year despite the top asset's clear price struggles. However, a close look at the enterprise software company's legally binding regulatory filings tells a much redder story: under standard accounting rules, the firm is nursing a multi-billion dollar unrealized loss, and its aggregate Bitcoin stack sits firmly underwater. Despite the paper losses, the company shows no signs of slowing. Armed with a highly liquid capital markets engine, Strategy continues to issue equity to fund massive daily purchases, completely unfazed by the disconnect between its curated corporate dashboard and its sobering regulatory reality. A bespoke winning streak By its own metrics, Strategy’s Bitcoin treasury playbook is flawless despite the prevailing bear market situation in the broader crypto market. On X, the company said its BTC purchasing strategy has generated nearly $1.7 billion in Bitcoin gains since January this year. Strategy's Key Bitcoin Metrics (Source: Strategy) That metric caps off a historic accumulation streak that has fundamentally warped the crypto market's supply dynamics. Notably, Strategy disclosed that it has acquired an astonishing 2.2 times the newly mined Bitcoin supply over the period. This equates to more than 94,000 BTC since the beginning of the year. To quantify this, Strategy's management points to two proprietary metrics: “BTC Yield” and “BTC Gain.” Strategy reports achieving a BTC Yield of 3.7% this year, generating a BTC Gain of 24,675 coins (roughly $1.7 billion). For retail investors and crypto advocates, these figures are definitive proof that the company’s leveraged accumulation strategy is working. Strategy’s Bitcoin gain metric is designed to reward balance-sheet expansion on a per-share basis. In its annual report, the company says BTC Yield measures the percentage change in Bitcoin Per Share (BPS) from the beginning to the end o
Key Takeaways
- Strategy (formerly MicroStrategy) is claiming its aggressive Bitcoin purchases have yielded a nearly $2 billion gain this year despite the top asset's clear price struggles
- Despite the paper losses, the company shows no signs of slowing
- A bespoke winning streak By its own metrics, Strategy’s Bitcoin treasury playbook is flawless despite the prevailing bear market situation in the broader crypto market
- On X, the company said its BTC purchasing strategy has generated nearly $1
- Strategy's Key Bitcoin Metrics (Source: Strategy) That metric caps off a historic accumulation streak that has fundamentally warped the crypto market's supply dynamics