Bitcoin Treasury & Unrealized Profit Analyzer

Simulate corporate Bitcoin reserve accumulation, calculate weighted cost basis, track live unrealized profit/loss, and stress test balance sheet solvency across market price shocks.

Treasury Valuation & Solvency Deck

Total Reserve
--
Accumulated Bitcoin
Avg Cost Basis
--
Per Bitcoin
Capital Deployed
--
Total USD invested
Current Value
--
At selected spot price
Unrealized P&L ($)
--
+0.0%
Debt Net Coverage
--
Net Equity: --
Unrealized P&L Sensitivity Across BTC Price Spectrum
Treasury P&L ($B)
Cost Basis Line
Current Spot ($68.5k)
Macro Stress Scenarios
Scenario Simulated BTC Treasury Value Unrealized P&L ROI % Solvency / Coverage
Calculated against live multi-tranche balance ledger.

How Corporate Bitcoin Treasuries Work

Corporations that adopt a Bitcoin Treasury standard (such as MicroStrategy, Metaplanet, and sovereign states) accumulate BTC via recurring capital raises, convertible senior debt, and free cash flows.

  • Weighted Cost Basis: Total USD invested divided by total satoshis/BTC held across every tranche.
  • Unrealized Profit/Loss: (Current Spot Price − Cost Basis) × Total BTC. Until liquidated, this sits on the balance sheet as marked-to-market treasury reserves.
  • Debt Coverage Ratio: (Total BTC Value) / (Convertible & Long-term Debt Obligations). A coverage above 1.5x signals robust downside cushion before debt maturities.

Stress Testing & Liquidation Cushion

The danger in levered Bitcoin treasuries is forced liquidation during severe drawdown cycles. Use the interactive slider and scenario matrix above to evaluate:

  • Breakeven Price: The exact spot price where unrealized gains turn to unrealized losses.
  • Debt Parity: The price where total Bitcoin reserves exactly equal corporate debt.
  • Upside Asymmetry: Every $10,000 surge in Bitcoin generates substantial unencumbered corporate equity without operational overhead.
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