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Entities Btctc Realisedcap 1 Btctc Realisedcap 1

Bitcoin

This is the average acquisition price (cost basis) of Bitcoin held by treasury companies.

Why it matters

It marks the aggregate break-even price of corporate Bitcoin buyers.

How it is built

Total USD spent by treasury companies is divided by the BTC they hold.

What to watch

Price above this cost basis keeps corporate treasuries in profit; below it pressures their balance sheets.

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