Benchmark believes MicroStrategy’s enterprise mannequin justifies the premium to NAV and that merchants ought to deal with the corporate’s BTC Yield. Launched by Saylor and group earlier this 12 months, Bitcoin Yield tracks the effectiveness of bitcoin investments by measuring the share change over time of the ratio between MSTR’s bitcoin holdings and its totally diluted share depend. The Bitcoin Yield stood at 17.8% by way of September 19 in comparison with 1.8% and seven.3% in 2022 and 2023, respectively, in response to Benchmark’s knowledge.
