BTCperShare
BTCPERSHARE RESEARCH

Bitcoin treasury guides.

Explainers for understanding BTC/share, valuation, capital structure and the financing strategies behind Bitcoin treasury companies.

Guides
How Much Dividend Income Can STRC and SATA Generate?
GUIDE · PREFERRED INCOMEHow Much Dividend Income Can STRC and SATA Generate?

How purchase price, share count, and dividend assumptions change estimated cash income and yield on cost for STRC, SATA, and combined preferred positions.

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Why Buy a Bitcoin Treasury Stock Instead of Bitcoin?
GUIDE · BITCOIN TREASURY STOCKSWhy Buy a Bitcoin Treasury Stock Instead of Bitcoin?

Comparing direct Bitcoin, spot ETFs, and treasury companies—and how Bitcoin-per-share growth changes the equation.

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What Is mNAV? Understanding Bitcoin Treasury Valuation Multiples
GUIDE · VALUATIONWhat Is mNAV? Understanding Bitcoin Treasury Valuation Multiples

How gross and net mNAV differ—and why the formula, share count and capital structure all matter when valuing a Bitcoin treasury company.

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How Preferred Stock Can Finance Bitcoin Purchases guide feature graphic
GUIDE · PREFERRED FINANCINGHow Preferred Stock Can Finance Bitcoin Purchases

How preferred equity can fund Bitcoin acquisition without immediate common dilution—and how amplification, dividend obligations and repurchases change the equation.

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What Is Bitcoin Per Share? guide feature graphic
GUIDE · BITCOIN PER SHAREWhat Is Bitcoin Per Share?

Why total Bitcoin holdings only tell half the story—and how to measure accretion, dilution, BTC Yield and valuation through the shareholder.

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