#MSTR #Strategy

#Boyaa #0434.HK

#BRI

As #HIVE is out of the Index, Canaan Inc. (#CAN) has been included as number 20. Congrats to Canaan for being part of the TOP20 public companies with bitcoin treasuries! #BRI

https://bitcoinreserve.com/CAN

The Bitcoin Reserve Index (#BRI) has dropped from 101.15 to 98.38, reflecting the removal of #HIVE Digital Technologies from the index. HIVE reduced its #bitcoin treasury to 610 BTC, using the proceeds to fund mining expansion to 25 EH/s.

This change also impacted the aggregate Bitcoin per share (BPS) of the index, which fell from 0.00009172 to 0.00008920, as HIVE's reduced #BTC holdings no longer contribute to the total. This highlights the dynamic nature of the index as companies adjust their bitcoin strategies.

#BRI

🚨 HIVE Digital Technologies Update:

#HIVE has reduced its #bitcoin treasury to 610 BTC, using the proceeds to fund strategic growth initiatives, including scaling mining operations to 25 EH/s and expanding infrastructure in Paraguay.

While this move supports their long-term goals, it means they no longer qualify for the Bitcoin Reserve Index (BRI) due to their reduced BTC position. 📉💡

#SemlerScientific #SMLR

#BRI

Streamlining Our Coverage: 1 000 #BTC Minimum 🎯

At Bitcoin Reserve, we believe true treasury-level exposure starts at 1 000 BTC. To keep your dashboard focused and actionable, we track only public companies holding ≥ 1 000 BTC in their treasury.

Why the 1 000 BTC threshold?

• Material Impact – Moves the needle on your BTC allocation.

• Transparency – Large holders publish regular disclosures.

• Signal over Noise – Filters out minor or opportunistic accumulations.

Top qualifying names:

• MicroStrategy – ₿576 230

• Marathon Digital – ₿48 237

• Riot Platforms – ₿19 211

• Galaxy Digital – ₿13 704

• CleanSpark – ₿11 869

Refine your #bitcoin exposure with only the most significant corporate treasuries. Explore the full list at bitcoinreserve.com.

#BRI

Understanding the Price / BPS Ratio 🔍

• Definition:

Price/BPS = Share Price in BTC / BTC in Treasury per Share

It quantifies how many BTC you pay for each BTC held in the company’s treasury.

• How to Read It:

– > 1 → Trading at a premium (you pay more sats than the BTC held).

– < 1 → Trading at a discount (you pay fewer sats than the BTC held).

– = 1 → Parity: 1 BTC out for 1 BTC in treasury.

• Real-World Snapshot:

– MicroStrategy (#MSTR): Price/BPS 1.733 → pay ~1.733 BTC for each 1 BTC in treasury

– MARA Holdings (#MARA): Price/BPS 1.101 → pay ~1.101 BTC for each 1 BTC in treasury

– Riot Platforms (#RIOT): Price/BPS 1.548 → pay ~1.548 BTC for each 1 BTC in treasury

– Galaxy Digital (#GLXY.TO): Price/BPS 3.777 → pay ~3.777 BTC for each 1 BTC in treasury

– CleanSpark (#CLSK): Price/BPS 2.140 → pay ~2.140 BTC for each 1 BTC in treasury

• Why It Matters:

Instant NAV Insight – See if the market is over- or under-valuing a #BTC treasury at a glance.

Opportunity Identification – Target equities trading at tight premiums or meaningful discounts.

Precision Risk Control – Quantify exactly how many sats you give up (or gain) on every share.

For sophisticated allocators, Price/BPS is your valuation compass. Navigate your BTC allocations with confidence. 🚀

#BRI

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.

#BRI

💡 On the bitcoin standard, #BTC is your unit of account—so at bitcoinreserve.com we price everything in BTC. Here’s a real example with Strategy (#MSTR):

• BTC holdings: Ƀ576 230

• Shares outstanding: 256 986 000

• BTC per share: Ƀ0.00224226

• Share price: Ƀ0.00391968

• Price / BPS: 1.748

In other words, for every 1 BTC of backing under the hood, you’re paying 1.748 BTC at today’s MSTR price—i.e., a 74.8 % premium paid in BTC.

If you’re moving sats into shares, you deserve to know exactly how many sats you give up vs. how many you get back. No fiat illusions, no hidden math—just pure bitcoin-first accounting. 🚀

🔗 Visit bitcoinreserve.com to see every company’s BTC backing, denominated fully in bitcoin.

#BRI

#Strategy #MSTR

#Metaplanet