{"id":23661,"date":"2026-07-27T10:02:21","date_gmt":"2026-07-27T03:02:21","guid":{"rendered":"https:\/\/www.nanovest.io/blog\/?p=23661"},"modified":"2026-07-27T10:02:21","modified_gmt":"2026-07-27T03:02:21","slug":"strategy-bawa-metrik-bitcoin-bersih-per-saham","status":"publish","type":"post","link":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/","title":{"rendered":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham"},"content":{"rendered":"<p><a href=\"https:\/\/nanovest.go.link\/page=IndividualStockDetail?action=navigate&amp;is_param=true&amp;symbol=MSTR&amp;adj_t=1rhus2a1&amp;adj_deep_link=nanovest%3A%2F%2Fpage%3DIndividualStockDetail%3Faction%3Dnavigate%26is_param%3Dtrue%26symbol%3DMSTR\"><span style=\"font-weight: 400;\">Strategy (MSTR)<\/span><\/a><span style=\"font-weight: 400;\"> mengubah cara investor melihat cadangan <\/span><a href=\"https:\/\/nanovest.go.link\/page=IndividualCryptoDetail?action=navigate&amp;is_param=true&amp;symbol=BTC&amp;adj_t=1r265b6j&amp;adj_deep_link=nanovest%3A%2F%2Fpage%3DIndividualCryptoDetail%3Faction%3Dnavigate%26is_param%3Dtrue%26symbol%3DBTC\"><span style=\"font-weight: 400;\">Bitcoin (BTC)<\/span><\/a><span style=\"font-weight: 400;\"> miliknya.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Perusahaan yang sebelumnya dikenal sebagai MicroStrategy itu memperkenalkan serangkaian metrik baru yang tidak lagi hanya menghitung jumlah Bitcoin secara bruto. Fokusnya kini bergeser pada berapa banyak nilai Bitcoin yang benar-benar tersisa bagi pemegang saham biasa setelah kewajiban perusahaan diperhitungkan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Metrik utama yang diperkenalkan adalah Bitcoin bersih per saham atau <\/span><i><span style=\"font-weight: 400;\">net Bitcoin per share<\/span><\/i><span style=\"font-weight: 400;\">. Ukuran ini mengurangi utang dan klaim saham preferen dari total cadangan Bitcoin dan kas Strategy, kemudian membagi nilai sisanya dengan jumlah saham yang terdilusi penuh.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Perubahan tersebut memberi gambaran yang lebih realistis mengenai eksposur Bitcoin di balik setiap saham MSTR, terutama setelah struktur pendanaan Strategy berkembang semakin kompleks.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Daftar Isi <\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#Dari_US60_Miliar_Aset_Menjadi_US35_Miliar_Cadangan_Bersih\" >Dari US$60 Miliar Aset Menjadi US$35 Miliar Cadangan Bersih<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#MSTR_Kini_Terlihat_Mendekati_Nilai_Bersih_Bitcoin\" >MSTR Kini Terlihat Mendekati Nilai Bersih Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#Metrik_Kredit_Soroti_Ketahanan_Model_Pendanaan\" >Metrik Kredit Soroti Ketahanan Model Pendanaan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#Strategy_Pertahankan_Bitcoin_Tapi_Buka_Opsi_Penjualan\" >Strategy Pertahankan Bitcoin, Tapi Buka Opsi Penjualan\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Dari_US60_Miliar_Aset_Menjadi_US35_Miliar_Cadangan_Bersih\"><\/span><b>Dari US$60 Miliar Aset Menjadi US$35 Miliar Cadangan Bersih<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Strategy saat ini memiliki 843.775 Bitcoin dengan nilai sekitar US$57 miliar, ditambah kas sekitar US$3,2 miliar. Namun, seluruh nilai tersebut tidak secara otomatis menjadi milik pemegang saham biasa. Perusahaan memiliki sekitar US$22,2 miliar klaim senior, yang terdiri dari sekitar US$15,5 miliar saham preferen dan hampir US$6,8 miliar utang konvertibel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Setelah kewajiban tersebut dikurangi, Strategy memperkirakan nilai cadangan bersihnya berada di sekitar US$35 miliar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nilai tersebut kemudian dibagi dengan jumlah saham yang telah memperhitungkan potensi dilusi. Hasilnya, Bitcoin bersih per saham Strategy diperkirakan mencapai sekitar US$95, setara dengan 143.000 satoshi per saham.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Angka itu meningkat tajam dari sekitar US$13 atau 44.000 satoshi pada akhir 2020. Strategy menyebut pertumbuhannya setara dengan tingkat tahunan gabungan sekitar 43%, lebih tinggi dibandingkan pertumbuhan harga Bitcoin sekitar 16% dalam periode yang sama.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Namun, angka tersebut bukan berarti setiap pemegang saham secara langsung memiliki Bitcoin tersebut. Metrik ini tetap merupakan pendekatan valuasi yang memperhitungkan aset, kewajiban, serta struktur saham perusahaan.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"MSTR_Kini_Terlihat_Mendekati_Nilai_Bersih_Bitcoin\"><\/span><b>MSTR Kini Terlihat Mendekati Nilai Bersih Bitcoin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Strategy juga mengubah cara menghitung <\/span><i><span style=\"font-weight: 400;\">modified net asset value<\/span><\/i><span style=\"font-weight: 400;\"> atau mNAV. Sebelumnya, mNAV membandingkan harga saham MSTR dengan nilai Bitcoin bruto per saham. Dengan metode tersebut, saham Strategy dapat terlihat diperdagangkan dengan harga diskon dibandingkan cadangan Bitcoin yang dimilikinya.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kini, perusahaan membandingkan harga saham dengan Bitcoin bersih per saham setelah utang dan saham preferen dikurangi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Berdasarkan rumus baru, mNAV Strategy berada di sekitar 1,02 kali ketika saham MSTR diperdagangkan sekitar US$93. Artinya, harga saham berada sangat dekat dengan nilai bersih Bitcoin yang dihitung perusahaan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Perubahan ini cukup penting. Saham yang sebelumnya terlihat murah berdasarkan total cadangan Bitcoin kini terlihat lebih mendekati nilai wajarnya setelah kewajiban kepada kreditur dan pemegang saham preferen diperhitungkan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Strategy juga mengubah istilah \u201camplifikasi\u201d menjadi pengali ekuitas, yang dihitung dengan membagi total cadangan Bitcoin terhadap cadangan bersih. Angkanya berada di sekitar 1,5 kali.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rasio tersebut menunjukkan bahwa eksposur pemegang saham biasa terhadap pergerakan Bitcoin diperbesar oleh penggunaan utang dan saham preferen. Potensi kenaikannya dapat lebih besar ketika harga Bitcoin meningkat, tetapi risikonya juga bertambah ketika harga Bitcoin melemah.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Metrik_Kredit_Soroti_Ketahanan_Model_Pendanaan\"><\/span><b>Metrik Kredit Soroti Ketahanan Model Pendanaan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Selain ukuran valuasi, Strategy memperkenalkan beberapa indikator untuk mengukur keberlanjutan struktur modalnya.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Perusahaan memperkirakan biaya kredit efektifnya berada di sekitar 10,8%. Tingkat titik impasnya diperkirakan mendekati 3,2%, sedangkan indikator yang disebut <\/span><i><span style=\"font-weight: 400;\">run rate<\/span><\/i><span style=\"font-weight: 400;\"> berada di sekitar negatif 11%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secara sederhana, indikator terakhir tersebut mencoba memperkirakan seberapa jauh harga Bitcoin masih dapat menurun sebelum nilai cadangan tidak lagi cukup untuk menutup utang dan pembayaran dividen preferen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Berdasarkan perhitungan Strategy, struktur tersebut masih dapat bertahan selama Bitcoin tidak turun lebih dari sekitar 11% per tahun hingga awal dekade 2030-an.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Namun, angka ini tetap bergantung pada sejumlah asumsi, termasuk harga Bitcoin, biaya pendanaan, kebutuhan dividen, jumlah saham baru yang diterbitkan, dan kemampuan perusahaan memperoleh modal tambahan. Risiko tersebut menjadi semakin relevan karena saham MSTR masih berada jauh di bawah puncaknya pada 2024. Saham preferen utama Strategy, STRC, juga masih diperdagangkan di bawah nilai nominal US$100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Metrik baru tersebut dapat membantu investor memahami bahwa model Strategy tidak hanya bergantung pada harga Bitcoin, tetapi juga pada seberapa mahal perusahaan membiayai kepemilikannya.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strategy_Pertahankan_Bitcoin_Tapi_Buka_Opsi_Penjualan\"><\/span><b>Strategy Pertahankan Bitcoin, Tapi Buka Opsi Penjualan\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Perubahan metrik ini datang setelah Strategy merombak kebijakan pengelolaan modalnya pada akhir Juni. Untuk pertama kalinya, perusahaan membuka kemungkinan menjual hingga US$1,25 miliar Bitcoin guna memperkuat cadangan kas, membayar dividen saham preferen, atau membiayai pembelian kembali saham.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Langkah tersebut menjadi perubahan penting dari pendekatan lama Michael Saylor yang identik dengan strategi tidak menjual Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meski demikian, Strategy sejauh ini belum menggunakan opsi tersebut. Perusahaan memilih menambah kas melalui penjualan saham MSTR, sehingga jumlah Bitcoin tetap bertahan di 843.775 BTC. Konsekuensinya, penerbitan saham baru berpotensi menambah dilusi bagi pemegang saham biasa.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Karena itu, Bitcoin bersih per saham dapat menjadi ukuran yang semakin penting. Metrik tersebut membantu investor menilai apakah penerbitan saham, utang, atau instrumen preferen benar-benar meningkatkan jumlah Bitcoin bersih untuk setiap saham atau justru melemahkannya. Perubahan ini membuat MSTR perlu dianalisis lebih dari sekadar sebagai pengganti Bitcoin. Harga BTC tetap menjadi penggerak utama, tetapi struktur utang, biaya kredit, dilusi, dan kewajiban dividen kini sama pentingnya untuk diperhatikan.<\/span><\/p>\n<p>Baca berita lainnya terkait aset Bitcoin di\u00a0<a href=\"https:\/\/www.nanovest.io/blog\/tag\/bitcoin\/\"><strong>halaman ini<\/strong><\/a>.<\/p>\n<hr \/>\n<p><i><span style=\"font-weight: 400;\">Pantau pergerakan Bitcoin dan saham Strategy (MSTR) melalui <\/span><\/i><a href=\"http:\/\/nanovest.io\"><i><span style=\"font-weight: 400;\">aplikasi investasi Nanovest<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. Dapatkan pula informasi terbaru mengenai pasar kripto dan saham global lewat <\/span><\/i><a href=\"http:\/\/www.nanovest.io/blog\"><i><span style=\"font-weight: 400;\">News serta Artikel Tips Nanovest<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> untuk keputusan investasi yang lebih matang.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy (MSTR) mengubah cara investor melihat cadangan Bitcoin (BTC) miliknya. Perusahaan yang sebelumnya dikenal sebagai MicroStrategy itu memperkenalkan serangkaian metrik baru yang tidak lagi hanya menghitung jumlah Bitcoin secara bruto. Fokusnya kini bergeser pada berapa banyak nilai Bitcoin yang benar-benar tersisa bagi pemegang saham biasa setelah kewajiban perusahaan diperhitungkan. Metrik utama yang diperkenalkan adalah Bitcoin<\/p>\n","protected":false},"author":35,"featured_media":23662,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,38],"tags":[74,63,95,26],"class_list":["post-23661","post","type-post","status-publish","format-standard","has-post-thumbnail","category-berita","category-kripto","tag-berita","tag-bitcoin","tag-btc","tag-crypto"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Maretha Putri\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 5.0.0.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"id_ID\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Blog Nanovest - Artikel dan Berita Kripto, Saham AS, dan Emas\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\" \/>\n\t\t<meta property=\"og:description\" content=\"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp\" \/>\n\t\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-07-27T03:02:21+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-07-27T03:02:21+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nanovest\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:site\" content=\"@nanovest_io\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.\" \/>\n\t\t<meta name=\"twitter:creator\" content=\"@nanovest_io\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.nanovest.io/blog\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/category\\\/kripto\\\/#listItem\",\"name\":\"Kripto\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/category\\\/kripto\\\/#listItem\",\"position\":2,\"name\":\"Kripto\",\"item\":\"https:\\\/\\\/www.nanovest.io/blog\\\/category\\\/kripto\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#listItem\",\"name\":\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#listItem\",\"position\":3,\"name\":\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/category\\\/kripto\\\/#listItem\",\"name\":\"Kripto\"}}]},{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#newsarticle\",\"name\":\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\",\"headline\":\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\",\"author\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/author\\\/maretha\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp\",\"width\":1536,\"height\":1024,\"caption\":\"Giant Bitcoin coin with gold wedges beside a chained block labeled DEBT, as executives stand on a platform reading NET BITCOIN PER SHARE against a sunset city skyline.\"},\"datePublished\":\"2026-07-27T10:02:21+07:00\",\"dateModified\":\"2026-07-27T10:02:21+07:00\",\"inLanguage\":\"id-ID\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#webpage\"},\"articleSection\":\"Berita, Kripto, Berita, Bitcoin, BTC, Crypto\",\"dateline\":\"Published on Juli 27, 2026.\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/#organization\",\"name\":\"Nanovest\",\"description\":\"Artikel dan Berita Kripto, Saham AS, dan Emas\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/site-logo-color.png\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#organizationLogo\",\"width\":250,\"height\":250,\"caption\":\"site-logo-color\"},\"image\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#organizationLogo\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/nanovest\",\"https:\\\/\\\/twitter.com\\\/nanovest_io\",\"https:\\\/\\\/www.instagram.com\\\/nanovest.io\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UC5Y5fD2FApTWMc0c2mlxzIg\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/nano-vest\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/author\\\/maretha\\\/#author\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/author\\\/maretha\\\/\",\"name\":\"Maretha Putri\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#authorImage\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/cropped-ChatGPT-Image-Apr-6-2026-12_10_31-PM-96x96.png\",\"width\":96,\"height\":96,\"caption\":\"Maretha Putri\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#webpage\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/\",\"name\":\"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham\",\"description\":\"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.\",\"inLanguage\":\"id-ID\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/author\\\/maretha\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/author\\\/maretha\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#mainImage\",\"width\":1536,\"height\":1024,\"caption\":\"Giant Bitcoin coin with gold wedges beside a chained block labeled DEBT, as executives stand on a platform reading NET BITCOIN PER SHARE against a sunset city skyline.\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/kripto\\\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\\\/#mainImage\"},\"datePublished\":\"2026-07-27T10:02:21+07:00\",\"dateModified\":\"2026-07-27T10:02:21+07:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.nanovest.io/blog\\\/\",\"name\":\"Nanovest\",\"alternateName\":\"Blog Nanovest\",\"description\":\"Artikel dan Berita Kripto, Saham AS, dan Emas\",\"inLanguage\":\"id-ID\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.nanovest.io/blog\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO Pro -->\r\n\t\t<title>Strategy Perkenalkan Metrik Bitcoin Bersih per Saham<\/title>\n\n","aioseo_head_json":{"title":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","description":"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.","canonical_url":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog#listItem","position":1,"name":"Home","item":"https:\/\/www.nanovest.io/blog","nextItem":{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog\/category\/kripto\/#listItem","name":"Kripto"}},{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog\/category\/kripto\/#listItem","position":2,"name":"Kripto","item":"https:\/\/www.nanovest.io/blog\/category\/kripto\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#listItem","name":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#listItem","position":3,"name":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","previousItem":{"@type":"ListItem","@id":"https:\/\/www.nanovest.io/blog\/category\/kripto\/#listItem","name":"Kripto"}}]},{"@type":"NewsArticle","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#newsarticle","name":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","headline":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","author":{"@id":"https:\/\/www.nanovest.io/blog\/author\/maretha\/#author"},"publisher":{"@id":"https:\/\/www.nanovest.io/blog\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp","width":1536,"height":1024,"caption":"Giant Bitcoin coin with gold wedges beside a chained block labeled DEBT, as executives stand on a platform reading NET BITCOIN PER SHARE against a sunset city skyline."},"datePublished":"2026-07-27T10:02:21+07:00","dateModified":"2026-07-27T10:02:21+07:00","inLanguage":"id-ID","mainEntityOfPage":{"@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#webpage"},"isPartOf":{"@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#webpage"},"articleSection":"Berita, Kripto, Berita, Bitcoin, BTC, Crypto","dateline":"Published on Juli 27, 2026."},{"@type":"Organization","@id":"https:\/\/www.nanovest.io/blog\/#organization","name":"Nanovest","description":"Artikel dan Berita Kripto, Saham AS, dan Emas","url":"https:\/\/www.nanovest.io/blog\/","logo":{"@type":"ImageObject","url":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2023\/03\/site-logo-color.png","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#organizationLogo","width":250,"height":250,"caption":"site-logo-color"},"image":{"@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#organizationLogo"},"sameAs":["https:\/\/www.facebook.com\/nanovest","https:\/\/twitter.com\/nanovest_io","https:\/\/www.instagram.com\/nanovest.io\/","https:\/\/www.youtube.com\/channel\/UC5Y5fD2FApTWMc0c2mlxzIg","https:\/\/www.linkedin.com\/company\/nano-vest\/"]},{"@type":"Person","@id":"https:\/\/www.nanovest.io/blog\/author\/maretha\/#author","url":"https:\/\/www.nanovest.io/blog\/author\/maretha\/","name":"Maretha Putri","image":{"@type":"ImageObject","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#authorImage","url":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/04\/cropped-ChatGPT-Image-Apr-6-2026-12_10_31-PM-96x96.png","width":96,"height":96,"caption":"Maretha Putri"}},{"@type":"WebPage","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#webpage","url":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/","name":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","description":"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.","inLanguage":"id-ID","isPartOf":{"@id":"https:\/\/www.nanovest.io/blog\/#website"},"breadcrumb":{"@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#breadcrumblist"},"author":{"@id":"https:\/\/www.nanovest.io/blog\/author\/maretha\/#author"},"creator":{"@id":"https:\/\/www.nanovest.io/blog\/author\/maretha\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp","@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#mainImage","width":1536,"height":1024,"caption":"Giant Bitcoin coin with gold wedges beside a chained block labeled DEBT, as executives stand on a platform reading NET BITCOIN PER SHARE against a sunset city skyline."},"primaryImageOfPage":{"@id":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/#mainImage"},"datePublished":"2026-07-27T10:02:21+07:00","dateModified":"2026-07-27T10:02:21+07:00"},{"@type":"WebSite","@id":"https:\/\/www.nanovest.io/blog\/#website","url":"https:\/\/www.nanovest.io/blog\/","name":"Nanovest","alternateName":"Blog Nanovest","description":"Artikel dan Berita Kripto, Saham AS, dan Emas","inLanguage":"id-ID","publisher":{"@id":"https:\/\/www.nanovest.io/blog\/#organization"}}]},"og:locale":"id_ID","og:site_name":"Blog Nanovest - Artikel dan Berita Kripto, Saham AS, dan Emas","og:type":"article","og:title":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","og:description":"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.","og:url":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/","og:image":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp","og:image:secure_url":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp","og:image:width":1536,"og:image:height":1024,"article:published_time":"2026-07-27T03:02:21+00:00","article:modified_time":"2026-07-27T03:02:21+00:00","article:publisher":"https:\/\/www.facebook.com\/nanovest","twitter:card":"summary_large_image","twitter:site":"@nanovest_io","twitter:title":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","twitter:description":"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.","twitter:creator":"@nanovest_io","twitter:image":"https:\/\/www.nanovest.io/blog\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-27-2026-09_49_18-AM.webp"},"aioseo_meta_data":{"post_id":"23661","title":"#post_title","description":"Strategy memperkenalkan metrik Bitcoin bersih per saham untuk menunjukkan nilai cadangan BTC yang tersisa setelah utang dan saham preferen diperhitungkan.","keywords":null,"keyphrases":{"focus":[],"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":true,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"NewsArticle","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"seo_analyzer_scan_date":"2026-07-27 03:07:22","breadcrumb_settings":null,"limit_modified_date":false,"reviewed_by":null,"open_ai":null,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-07-27 02:56:30","updated":"2026-08-04 04:26:42","focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.nanovest.io/blog\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.nanovest.io/blog\/category\/kripto\/\" title=\"Kripto\">Kripto<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\tStrategy Perkenalkan Metrik Bitcoin Bersih per Saham\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.nanovest.io/blog"},{"label":"Kripto","link":"https:\/\/www.nanovest.io/blog\/category\/kripto\/"},{"label":"Strategy Perkenalkan Metrik Bitcoin Bersih per Saham","link":"https:\/\/www.nanovest.io/blog\/kripto\/strategy-bawa-metrik-bitcoin-bersih-per-saham-23661\/"}],"_links":{"self":[{"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/posts\/23661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/comments?post=23661"}],"version-history":[{"count":1,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/posts\/23661\/revisions"}],"predecessor-version":[{"id":23663,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/posts\/23661\/revisions\/23663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/media\/23662"}],"wp:attachment":[{"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/media?parent=23661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/categories?post=23661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nanovest.io/blog\/wp-json\/wp\/v2\/tags?post=23661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}