{"id":39389,"date":"2025-07-29T16:47:02","date_gmt":"2025-07-29T16:47:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39389"},"modified":"2025-07-29T16:47:02","modified_gmt":"2025-07-29T16:47:02","slug":"how-bitcoin-treasury-companies-are-beating-bitcoins-returns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39389","title":{"rendered":"How Bitcoin Treasury Companies Are Beating Bitcoin&#8217;s Returns"},"content":{"rendered":"<div>\n<p>Publicly listed <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) treasury companies are no longer just <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46407683\/bitcoin-treasury-companies-play-like-ponzi-built-on-a-pyramid-says-peter-schiff-economist-warns-wild-centralized-speculation-eroding-btcs-foundation\">passive holders of BTC<\/a>.<\/p>\n<p>A new financial model, <a href=\"https:\/\/x.com\/thedefivillain\/status\/1950206375524532607\">leveraging<\/a> traditional capital markets tools like share issuance and fixed-income debt, is enabling these firms to outperform Bitcoin itself in BTC terms.<\/p>\n<p>At the core of this model is a focus on growing the Bitcoin-per-share (BPS) ratio. <\/p>\n<p>Rather than simply tracking Bitcoin&#8217;s price, these companies aim to accumulate more BTC per outstanding share over time. <\/p>\n<p>The result is a growing \u201cBTC yield,\u201d a return denominated not in fiat but in Bitcoin units.<\/p>\n<p><strong>Strategy<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>), the most prominent example, has perfected this playbook.<\/p>\n<p>The company regularly conducts at-the-market (ATM) equity offerings, issuing new shares when its stock is trading at a premium to its net asset value (NAV). <\/p>\n<p>The capital raised is immediately used to purchase more BTC. <\/p>\n<p>Despite diluting shareholders in nominal terms, these actions are accretive to the BPS ratio, meaning that each share is backed by more BTC than before.<\/p>\n<p>This &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46697213\/how-bitcoin-treasury-companies-are-beating-bitcoins-returns\" alt=\"How\" bitcoin treasury companies are beating returns>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Publicly listed Bitcoin (CRYPTO: BTC) treasury companies are no longer just passive holders of BTC. A new financial model, leveraging traditional capital markets tools like share issuance and fixed-income debt, is enabling these firms to outperform Bitcoin itself in BTC terms. At the core of this model is a focus on growing the Bitcoin-per-share (BPS) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39389","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39389"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39389\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}