What is #BPS (Bitcoin Per Share)?

Your definitive metric for evaluating bitcoin-backed equities.

BPS = Total BTC Holdings / Shares Outstanding. In plain terms: the number of BTC (or sats) attributable to each share.

• Real-world Example

– BTC holdings: Ƀ576 230

– Shares outstanding: 256 986 000

– BPS = 0.00224226 BTC / share (≈ 224 226 sats)

• Why BPS Matters

Clarity – Eliminate fiat conversions and focus solely on your BTC exposure.

Valuation – Compare market price vs. bitcoin backing:

– Price / BPS < 1 → trading at a discount

– Price / BPS > 1 → trading at a premium

Decision-Making – Instantly gauge how many sats you give up (or gain) when swapping BTC for equity.

For sophisticated allocators — BPS is your market compass. Navigate with precision.

At bitcoinreserve.com everything is denominated in #bitcoin: made by bitcoiners for bitcoiners.