Where does the yield come from?
Month-by-month view of how a bitcoin treasury company may fund its dividend. Each box is one monthly dividend payment. Twelve boxes stacked is one year. Boxes deplete left-to-right as time passes.
Balance sheet
Assumptions
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Important: Debt may come due before the end of this coverage period and could require refinancing, equity issuance, bitcoin sales, or result in default.
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Amplification Ratio Scaling Dynamics
Interactive model of the amplification ratio (perpetual preferred notional over the Bitcoin reserve) in three stages: the issuance each ratio requires, the floor on years of dividend coverage, and how a Bitcoin price move changes amplification. Every figure is hypothetical and models no specific security.
Disclaimer. This interactive tool is designed to help visualize how digital credit yield may be generated under a range of assumptions. It is a simplified model and does not reflect all real-world factors. Actual results may differ materially. Issuers may change, reduce, or suspend dividends at any time. This is for informational purposes only and does not constitute financial advice.