83.4M shares
DRAG: —%
Zero-coupon converts − cash offsets
⚡ NOWWHAT IF BTC WERE AT THIS PRICE TODAY
→ FORWARD10-YEAR PROJECTIONS · CONVERT MATURITY DEC 2028 · WRAPPER COSTS
MODELED BRR SHARE PRICE
—
—
vs current market price
Market implies — mNAV
⚙ Adjust Inputs
⚖ Senior Claims Stack
🔀 Value Waterfall
📈 Year-by-Year Projection
🎯 Price Sensitivity Matrix
⚖ How BRR Drag Compares