Forward BTC in Treasury

Forward BTC in Treasury estimates the total number of bitcoins a company would hold if it took all of its available cash and converted it into BTC at the current market price—right now. It combines the bitcoin already held in the company’s treasury with the additional BTC the company could theoretically buy with its liquid cash.

Formula: Forward BTC in Treasury = BTC in Treasury + (Cash ÷ Current BTC Price)

Why Is This Metric Important?

It offers a “maxed out” view on how much exposure to bitcoin the company could quickly attain with its current resources, helping you compare the true BTC potential backing each share.

By projecting what would happen in a scenario where all cash is immediately deployed for BTC, investors (and management) can stress-test risk, upside, and capital allocation decisions.

Many analysts use Forward BTC in Treasury to benchmark progress toward strategic BTC targets or to compare different companies’ latent bitcoin-buying firepower side by side.