BTCPERSHARE RESEARCH

Bitcoin treasury guides.

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

Guides

Bitcoin Preferreds and Early Retirement: Testing a Smaller FIRE Number. A Bitcoin coin beside an orange-lit bridge toward an open horizon.

GUIDE · EARLY RETIREMENTBitcoin Preferreds and Early Retirement: Testing a Smaller FIRE Number

Could Bitcoin preferreds help you retire before saving 25× expenses? Test an $800,000 FIRE portfolio against income cuts, inflation, taxes, and market losses.

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

How much capital would you need for $500, $1,000 or $2,500 a month from STRC or SATA? Worked examples with purchase price, yield on cost and saved calculator scenarios.

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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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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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