Michael Saylor-led Strategy unveils Bitcoin investment evaluation metric 'BTC Grade'

quiet_lurker · 2026-01-28T01:13:32+00:00

Michael Saylor's Strategy has introduced a new metric to quantify companies' Bitcoin holdings, aiding institutional investors in evaluating the real value of Bitcoin assets. This new standard assesses overall Bitcoin positioning by considering various financial factors.

quiet_lurker

2026-01-28 01:13:32

Abstract generation in progress

Michael Saylor-led Bitcoin asset management firm Strategy has introduced a new valuation metric. Announced on January 18th via the X platform, this metric quantifies a company’s Bitcoin holdings to enable institutional investors to more accurately assess the true value of companies holding Bitcoin assets.

A New Standard for Valuing Companies Based on Net Bitcoin Holdings

According to Chaitanya Jain, head of Strategy’s Bitcoin product strategy, this metric goes beyond simply comparing the amount of Bitcoin held. It provides a comprehensive assessment of a company’s net Bitcoin position, designed to give a clear picture of how strong a company’s actual Bitcoin stance is at a glance.

Calculation Method of the BTC Grade Indicator

The indicator is calculated using the following formula: (Bitcoin holdings - debt - preferred stock + USD holdings) / market capitalization. This calculation subtracts a company’s total debt and preferred stock obligations, adds cash holdings, and then divides by the total market cap to derive the company’s net Bitcoin ratio. As a result, investors can comparatively evaluate each company’s Bitcoin exposure, clearly highlighting the actual strengths of companies pursuing Bitcoin-centric strategies, including Michael Saylor.

BTC-1,12%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.