BTC Gain
The number of Bitcoin added to Strategy’s holdings attributable to its BTC Yield over a specified period.
What is BTC Gain?
BTC Gain is defined as the initial Bitcoin holdings at the start of a period multiplied by the BTC Yield for that period, representing the accretive Bitcoin acquired through Strategy’s financing activities. This metric quantifies the direct impact of capital raises on per-share Bitcoin exposure, with year-to-date 2025 figures at ₿115,862 as of October 2025 and ₿140,538 for full-year 2024.
In practice, it illustrates efficiency across financing types; for a $100 million issuance, non-convertible preferred yields the highest BTC Gain at 1,038 BTC compared to 413 BTC from common equity. Strategy prioritizes this to maximize common shareholder benefits, as seen in its 42/42 plan expansion to $84 billion.
Related Terms
Stablecoins for x402
Digital assets with stable value used for x402 protocol transactions.
Lightning Network
The Lightning Network is a layer-2 scaling solution for Bitcoin that enables fast, low-cost transactions off-chain while leveraging Bitcoin’s blockchain for security and final settlement.
Lido liquid staking
Decentralized protocol enabling liquid staking of ETH, where users receive stETH tokens for rewards while maintaining DeFi liquidity.
FinTech
The application of technology to enhance financial services, including payments and asset management.
L2BEAT
An analytics platform tracking Ethereum Layer 2 scaling solutions, providing metrics on TVL, risks, and adoption.
Domain Expertise (Prediction Market)
Specialized knowledge that enhances a participant’s ability to make accurate predictions in a specific field.