This is a junk metric. Imagine: * REIT valued it by % change in the ratio of acreage owned to shares issued * Royalty trust valued it by % change in the ratio of oil owned to shares issued * Social media valued it by % change in the ratio of users to shares issued 🫠
Jesse Myers (Croesus 🔴)
Jesse Myers (Croesus 🔴)17.7. klo 03.51
The P/E ratio for Bitcoin treasury companies: P/BYD Price / Bitcoin Yield Delivered (we've been calling it "p-bid") represents a valuable new metric for #Bitcoin treasury company analysis. THREAD on how it works & what it reveals about traditional equities...
1,46K