How much Bitcoin does each Bitcoin Treasury Corporation share own after debt and preferred?

As of 2026-09-30 (BTC $83,576), each Bitcoin Treasury Corporation (BTCT) share owns 5,704 sats of Bitcoin after debt and preferred claims, versus 7,844 sats of Bitcoin Per Share, computed here as BTC holdings over basic shares. Senior Claims % is 27.3% of the Bitcoin reserve.

What happens to Bitcoin Treasury Corporation CEBE if outstanding share delivery rights are exercised?

Bitcoin Treasury Corporation (BTCT) has 2,431,667 shares deliverable under the outstanding Performance Warrants. It carries no claim on the Bitcoin reserve, so Senior Claims % barely moves. What moves is the share count. As of 2026-09-30 (BTC $83,576), CEBE would go from 5,704 sats per share to 4,532 sats per share if they were delivered in full, a difference of 1,172 sats or 20.6%.

BTCTBitcoin Treasury Corporation

CEBE, the Bitcoin each share owns after senior claims

Filed figures as of 2026-09-30Each BTCT share owns 5,704 sats of Bitcoin after senior claims, versus 7,844 sats of Bitcoin Per Share, computed here as BTC holdings over basic shares. Senior Claims % is 27.3% of the reserve. As of 2026-09-30, BTC was $83,576.

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