Bitcoin Treasury Company recently launched a new evaluation tool on their official website—the "BTC Rating" indicator, used to measure the quality of a company's Bitcoin reserves. The introduction of this indicator was personally confirmed by the company's founder and CEO, reflecting the industry's emphasis on transparency in Bitcoin asset management.

According to the company's Bitcoin product strategy head, the calculation logic of this scoring system is relatively straightforward: subtract the company's debt and preferred shares from its Bitcoin reserves, add USD reserves, and then divide this net reserve value by the company's market capitalization to obtain the final score. In simple terms, it reflects the ratio of a company's true Bitcoin net assets to its overall market value.

The significance of this indicator lies in providing investors with a quantitative reference framework, allowing a clearer understanding of a company's actual Bitcoin reserve strength, rather than just its surface-level Bitcoin holdings. As more companies incorporate Bitcoin into their strategic assets, similar evaluation tools are gaining increasing attention.