THE BLOCK: Strive CIO Ben Werkman said bitcoin treasury firms must treat BTC Yield as a guiding KPI for equity issuance at premiums and preferred-backed purchases to grow bitcoin per share while balancing the interests of common and credit investors. "It focuses execution, encourages strategic rather than reactive decision-making, and helps management understand whether the capital allocation decisions being made are enhancing or detracting from the overall vision," Werkman said. ASST