Michael Saylor introduces a new Bitcoin asset valuation indicator in Strategy

DeFiCaffeinator · 2026-01-21T09:17:22+00:00

Michael Saylor's Bitcoin management firm, Strategy, has released a new "BTC Grade" metric to evaluate companies' Bitcoin holdings relative to market capitalization. It aims to provide a standardized assessment of true Bitcoin asset positions.

DeFiCaffeinator

2026-01-21 09:17:22

Abstract generation in progress

Michael Saylor-led Bitcoin treasury management company Strategy has unveiled a new “BTC Grade” indicator on its official website. According to a report by PANews, the announcement was officially made via the X platform on January 18, with Strategy’s Bitcoin product strategy head Chaitanya Jain explaining the specific calculation method.

How is the BTC Grade indicator calculated?

The “BTC Grade” indicator is calculated by dividing a company’s net Bitcoin holdings by its market capitalization. The specific formula is (Bitcoin holdings - debt - preferred shares + USD equivalents) / market cap. This is a standardized method to measure a company’s true Bitcoin asset position, providing an evaluation based on net assets rather than just holdings.

Michael Saylor and Strategy’s Bitcoin strategy

Strategy, founded and chaired by Michael Saylor, is a leading company in corporate Bitcoin asset management. The introduction of the BTC Grade indicator is interpreted as an attempt to establish a new standard for objectively comparing and evaluating companies that hold Bitcoin as a strategic asset. Michael Saylor himself also expects this indicator to enable a clearer tracking of industry trends in Bitcoin adoption.

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