BTC Yield

The rate at which a treasury company grows its bitcoin-per-share (BPS) over a period, net of share dilution. It measures management's execution of accretive bitcoin acquisition · how effectively each capital raise adds more BTC per share than it dilutes. It is a BPS-execution metric, not a cash yield · no dividend is paid.

Strategy popularized BTC Yield as the headline KPI for the treasury model. A positive BTC Yield means per-share bitcoin is rising. See BTC-per-share accretion for the underlying mechanism.