BTC Yield Multiple (1 Year)

BTC Yield Multiple 1Y is the ratio of a company’s annual (one-year trailing) bitcoin yield—meaning the percentage by which it increased its BTC stack over the last 12 months—to a baseline yield (usually the peer group, industry average, or a sector benchmark for the same period).

Formula:

BTC Yield Multiple 1Y = (BTC Yield over last year) ÷ (Baseline Yield for last year) BTC Yield over last year: Percent increase in the company’s BTC holdings, accounting for net accumulation, dilution, and capital actions over the past 12 months.

Baseline Yield for last year: The average or benchmark BTC yield among a relevant peer group or index for the same period.

Example: Suppose Company X increased its BTC holdings by 15% in the last year, while the average yield for all bitcoin treasury companies was 10%: BTC Yield Multiple 1Y = 15% ÷ 10% = 1.5 A multiple above 1.0 means the company is growing its bitcoin stack faster than the industry average; below 1.0 means it’s lagging.

Why Is BTC Yield Multiple 1Y Important?

This metric puts every company’s BTC growth in direct context with its competition. A multiple well above 1.0 signals outperformance; a multiple below 1.0 identifies laggards.

By using a one-year window, it smooths out quarter-to-quarter noise, giving you a clearer sense of sustained management execution and strategy.

BTC Yield Multiple 1Y helps you identify which companies are the most efficient at increasing their bitcoin stack compared to the market—even if their overall holdings are smaller than larger peers.