Coverage sensitivity
Coverage = (bitcoin value + USD reserve and cash) ÷ (debt + preferred notional). Below 1× the claims exceed the assets counted here.
Coverage of debt and preferred2.25×Break-even bitcoin price $29,483
| Bitcoin price | Bitcoin value | Coverage |
|---|---|---|
| $19,252 | $0.7bn | 0.73× |
| $38,505 | $1.4bn | 1.24× |
| $57,757 | $2.1bn | 1.74× |
| $77,009 (entered) | $2.8bn | 2.25× |
| $115,514 | $4.3bn | 3.26× |
| $154,018 | $5.7bn | 4.27× |