For decades, business taxes have been dependent on cash, bonds and short -term investments to maintain capital. But inflation, devaluation of Fiat currencies and almost zero-interest rates have challenged this approach. A new dark horse is growing and business financing is changing forever.
BTC as a company reserve active
Historically, companies have kept significant cash reserves for both stability and liquidity. However, as Michael Saylor, the executive chairman of the Microstratey has claimed, is cash, however, as a melting ice cube – to lose his purchasing power due to monetary downturn. Bitcoin offers an alternative: an asset with a fixed supply, global liquidity and asymmetric upside.
Since 2020, Microstratey has aggressively accumulated Bitcoin and transformed his business balance into a Quasi BTC bank. The company emits convertible debt and equity to finance its purchases and utilization of a traditional financing method to build a Bitcoin Treasury. In 2024 alone, Microstratey acquired 257,000 BTC. This strategy has indirectly transformed microstratey into a listed Bitcoin ETF and accumulation machine, giving shareholders exposure to BTC through its listed share $ Mstr.
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Two Key Metrics: Bitcoin per Aktie & BTC yield
Microstratey has popularized two key meters, as each company that studies this strategy must understand intimate: Bitcoin per share (BPS) and BTC yields.
Bitcoin per Stock (BPS): The number of bitcoin contained per Outstanding share. This metric allows investors to measure a company’s indirect BTC exposure.
BTC yield: The percentage change in the number of Bitcoin per Stock over time. This KPI is trying to reflect how effectively a company acquires BTC.
Source: mstrtracker.com
The company’s super bike
While many companies maintain traditional Treasury strategies, a fundamental shift in corporate financing emerges. Over 70 publicly traded companies now have Bitcoin on their balance, including Tesla, Coinbase and Block. Even companies outside the technology and financial sectors adopt this approach and demonstrate its broad usefulness across industries.
This adoption represents more than a trend – it is a transformation in how companies can create and maintain shareholder value. The regulatory environment is developing to support this shift in three critical ways:
- SAB21’s reversing has fundamentally improved Bitcoin’s tool as a Treasury asset. By enabling regulated financial institutions to provide custody services, companies can now utilize their Bitcoin stocks more efficiently through established banking conditions.
- FASB’s Landmark Accounting Changes create a more accurate reflection of Bitcoin’s economy on corporate accounts. According to these rules, companies that accumulate Bitcoin can now recognize appreciation in their earnings declarations, providing a clear mechanism for value creation through strategic Bitcoin acquisition.
- The proposed Bitcoin Act 2024 and broader legislative clarity signal growing institutional acceptance, reducing systemic risks of business admission.
Companies can now generate earnings growth through strategic bitcoin accumulation while building a position in an asset with significant potential for appreciation. This combination of the current earnings effect and future value The potential repeats classic Warren Buffett principles to find companies that can both generate current returns and reinvest capital at attractive prices.
The transformation in the future is not just about adding Bitcoin to balance – it’s about basic reconsideration of corporate chamber management for an era with digital scarcity. Businesses that understand this shift early will have a significant advantage of building the treasury positions at attractive prices, like early Internet recorders.
We are entering a new era of corporate financing, where Bitcoin’s unique properties are combined with developing financial infrastructure to create unprecedented opportunities for value creation and preservation.
The companies that recognize and act on this shift early early are likely to emerge as Berkshire Hathaways in the digital age.
