F
FINTEAMBitcoin treasury monitor
Read-only snapshot

EVIDENCE FEED

BTC, MSTR and DN3 news

HEADLINES LINK TO ORIGINAL PUBLISHERS
No matching news in this published snapshot.

DECISION DESK · EUR BASE CURRENCY

Direct bitcoin or
treasury equity?

Compare the return you can keep—not only the price on the screen. Currency, dilution, mNAV and German tax treatment belong in one view.

WEEKLY ALLOCATION LENS

Three exposures, one evidence snapshot

NOT FINANCIAL ADVICE · APPEND-ONLY MODEL HISTORY

No model analysis has been generated yet. Configure a provider key, refresh the evidence, then run the first weekly snapshot.

BTCEUR

Bitcoin

—
— trailing 1Y · EUR return
Awaiting import
MSTRUSD

Strategy

—
— trailing 1Y · EUR return
Awaiting import
DN3EUR

Metaplanet Frankfurt

—
— trailing 1Y · EUR return
Awaiting import

RELATIVE PERFORMANCE

One euro, three exposures

Loading observations…
BTCMSTRDN3Indexed to 100 · Linear · EUR normalized

TREASURY FUNDAMENTALS

What stands behind each common share

DATED COMPANY DISCLOSURES

TROUGH-TO-TARGET RISK TABLE

BTC target × enterprise-value mNAV

CYCLE-REPEAT EXPERIMENT

If the path from four years ago repeated

TERMINAL ERROR RANGE

Projection becomes available after the API refresh.
BTC USDMA 200DMA 1458DShadows begin at 0% today and widen by √time to the selected ± terminal range. They are sensitivity envelopes, not statistical confidence intervals.
Testing previous ATHAnalogue: 27 Mar 2024 · MSTR mNAV 2.17×
Breaking previous ATHAnalogue: 20 Nov 2024 · MSTR mNAV 3.07×
BTC peak · MSTR underperformsAnalogue: 6 Oct 2025 · MSTR mNAV 1.29×
Estimated Bitcoin halving windowTiming estimate, not a fixed protocol date.

BTC PRICE + TREASURY PREMIUM

Historical mNAV against bitcoin

STRATEGY-DEFINITION EV mNAV
Awaiting dated treasury observations.

BTC is shown in USD. Primary MSTR mNAV follows Strategy’s definition: basic common market cap plus debt principal and preferred notional, minus cash, divided by the BTC reserve. This is not directly comparable with Bitbo’s market-cap ÷ BTC-NAV premium; leverage makes EV mNAV materially higher, especially around the 2022 BTC trough. Annual capital snapshots are carried forward through 2023 and quarterly snapshots thereafter; no values are interpolated. “Quarterly proxy” periods use disclosed preferred liquidation preference where historical notional was unavailable. ADSO/basic toggles are equity-to-BTC dilution diagnostics, not Strategy mNAV. DN3 remains provisional EV mNAV.

BITCOIN TREND REGIME

Price versus long-term averages

Awaiting BTC history
BTC200D MA1458D MA

CURRENCY LENS

EUR crosses

ECB
Awaiting ECB import
EUR/USDEUR/JPY

FIRST-PASS SCORECARD

What must be true?

Rules remain editable
CriterionBTCMSTRDN3
Tax advantage after 1 yearPASSNONO
No dilution riskPASSWATCHWATCH
mNAV below ceilingN/ADATA NEXTDATA NEXT
BTC/share is growingN/ADATA NEXTDATA NEXT
No currency mismatchPASSUSDJPY