Educational betaNot investment advice. Market data is timestamped and may be delayed, indicative, or vendor-restricted. Models are assumptions, not forecasts.Read policy
Scenarios

Capital stack risk & buffers

Conversion pressure and downside buffer.

Current dilution watchStructural INITIALIZINGSignal INITIALIZING

Current Dilution Risk

If active lines converted today, how much would BTC/share compress?

Link Initializing
0 active lines | --- fully diluted shares
Answer first
If every active line converted today
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Modeled BTC/share change from the current basic stack to the active diluted stack.

Current sats / share
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Current treasury baseline
Fully diluted sats / share
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If current active lines convert
Active lines
0 lines
Currently convertible
Conversion shares
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Shares added above basic
Basic shares
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Fully diluted shares
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Preferred dilution
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Note dilution
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CALCULATING SIGNAL STABILITY...
Structural stack map

Where the dilution actually sits

Potential shares added by each active line.

Blue = active lines

Structural view = share overhang. Signal buffer = premium cushion. Read both together.