60 terms
Bitcoin & Treasury Glossary
Clear definitions of the key concepts of the corporate Bitcoin ecosystem: protocol, financial metrics, capital instruments and the regulatory framework.
Latin phrase indicating equal ranking in priority between two or more financial instruments.
Fixed-income instrument with no maturity that pays a fixed dividend, ranking ahead of common shareholders.
The percentage gap between a company's share price and its BTC NAV.
Top-quality collateral: liquid, free of counterparty risk, and with no possibility of default. Bitcoin aspires to be digital pristine collateral.
A cryptographic, audited demonstration that a custodian or exchange actually holds the assets it claims to custody for its clients.
Bitcoin's consensus mechanism: miners compete to solve complex mathematical problems.
A listed company whose single, central thesis is accumulating Bitcoin on its balance sheet.
Explore more on SatsIntel
From concept to real dataBitcoin Treasuries
Directory of companies with BTC on the balance sheet. The glossary concepts applied to live data: mNAV, holdings, BTC per share.
View section →Spot ETFs
The 11 SEC-approved spot ETFs. Flows, TER, AUM and custody.
View section →BTC-backed preferreds
Callable, pari passu, cumulative dividend — the glossary terms translated into fixed income trading on the Nasdaq.
View section →Historical simulator
What is DCA? What is lump sum? Here the impact of each strategy is measured against Bitcoin's historical series.
View section →60 terms · Updated April 2026 · SatsIntel Bitcoin Treasury Intelligence