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BITCOIN HOLDINGSAMPLIFICATIONBITCOIN TREASURY HEATMAPFILINGS & PRESSESTIMATED ATM EMISSIONS TODAYPUBLIC PREFERRED SHARESPUBLIC COMPANY BTC HOLDINGSBITCOIN EXPOSURE CALCULATORINSIDER TRANSACTIONSSTORIESBITCOIN TREASURY DICTIONARYBITCOIN BLOCK EXPLORERBITCOIN HOLDINGSAMPLIFICATIONBITCOIN TREASURY HEATMAPFILINGS & PRESSESTIMATED ATM EMISSIONS TODAYPUBLIC PREFERRED SHARESPUBLIC COMPANY BTC HOLDINGSBITCOIN EXPOSURE CALCULATORINSIDER TRANSACTIONSSTORIESBITCOIN TREASURY DICTIONARYBITCOIN BLOCK EXPLORER

Amplification

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"Amplification" measures how much of a Bitcoin treasury is financed through debt and preferred stock rather than common equity. Strategy and Strive publish identical formulas: (Total Debt + Total Preferred) / Bitcoin NAV. The Smarter Web Company publishes a Leverage Ratio with the same shape but a different NAV definition: Debt / (Bitcoin Held + Treasury Cash - Total Debt). Each card below uses the issuer's own published formula and links to the source page where the metric appears.

MSTR Strategy
31.69%
Amplification
Total Debt
$6.71B
Total Preferred
$15.46B
BTC Holdings
848,000 BTC
Bitcoin NAV
$69.97B
“Debt + Pref divided by the BTC Reserve.”www.strategy.com
ASST Strive
32.21%
Amplification
Total Debt
$0
Total Preferred
$783.0M
BTC Holdings
29,462 BTC
Bitcoin NAV
$2.43B
“Total Debt + Preferred as a percentage of Bitcoin NAV.”www.strive.com
SWC The Smarter Web Company
0.00%
Leverage Ratio
Total Debt
£17
Treasury Cash
£883K
BTC Holdings
2,747 BTC
Net Asset Value
£171.0M
“Leverage Ratio = Debt / Net Asset Value, where Net Asset Value = Bitcoin Held + Treasury Cash Balance - Total Debt.”www.thesmarterwebcompany.com