Bitcoin Magazine explains methods for calculating Bitcoin per share
Bitcoin Magazine published an explainer by Allard Peng on how to calculate bitcoin per share for Bitcoin treasury companies, laying out three measures: raw Bitcoin Per Share, Bitcoin Per Assumed Diluted Share and Net Bitcoin Per Share. It said Bitcoin Per Assumed Diluted Share became widely cited beginning in 2024 as treasury companies used more complex capital structures.
Key facts
BTC after this site detected it
- 5 minutes-0.06%Gate · USDT
- 1 hour+1.56%Gate · USDT
Claims and open questions
Only one publisher so far. Another independent outlet or an official source would raise it.
core coin BTC · afterwards moved 11.0× its usual range against BTC
What sources claim
- Bitcoin Magazine said raw Bitcoin Per Share is calculated as total bitcoin holdings divided by common shares outstanding.
- Bitcoin Magazine said Bitcoin Per Assumed Diluted Share equals total bitcoin holdings divided by assumed diluted shares outstanding and is always less than or equal to raw Bitcoin Per Share.
- Bitcoin Magazine said Bitcoin Per Assumed Diluted Share became widely cited beginning in 2024, particularly as Bitcoin treasury companies began using increasingly complex capital structures.
Still unresolved
- What formula Bitcoin Magazine gives for Net Bitcoin Per Share beyond deducting the bitcoin equivalent of senior claims from total holdings before dividing by the common share count?
- Does the explainer include worked examples or specific treasury companies to illustrate the differences between the three metrics?
Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished.
Source evidence
Published Oct 29, 2026, 13:36 · Received Oct 29, 2026, 13:40
Market reaction after detection
Measured from the sample nearest site detection, on the same source and quote currency.
| Window | Return | Actual sampled interval / source |
|---|---|---|
| 5 minutes | -0.06% | Oct 29, 2026, 13:40 → Oct 29, 2026, 13:45 (UTC) Gate · USDT |
| 1 hour | +1.56% | Oct 29, 2026, 13:40 → Oct 29, 2026, 14:40 (UTC) Gate · USDT |
Timing does not establish causation. Methods and limitations →
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