BTC Yield

The projected annual BTC acquisition rate based on the net program capitalization.

It shows the aggressiveness Rebel Technologic expects to maintain in its BTC acquisitions during the Program-year.

To pursue the Rebel Technologic objective of increasing BTC holdings, the initial program funding and any incremental revenue sources are subject to BTC conversion.

The calculation measures total BTC acquired through initial funding conversion as well as any BTC acquired throughout the year, minus all realized operating costs and fees, then divides that by the total initial funding for the Program-year. The resulting percentage is the rate at which Rebel Technologic expects to retain any of its BTC acquisitions for the year. Effectively, the total return for the operation for the year.

Supplemental BTC acquisition sources such as BTC mining, BTC interest on reserves and BTC incentive programs are accounted for in the performance. Any such additional revenue sources denominated in USD are not accounted for as part of the initial program funding.

Leverage ratio

The total Rebel Technologic debt balance, relative to the collateral for the Program-year.

It shows the durability of the operation comparing the scale of the Program-year debt and the amount of collateral backing it.

A primary funding source for the Rebel Technologic Treasury Operation is its over-collateralized borrowing. It is one of several funding sources which are converted to BTC to be hodled, serving the operational goal.

The simple measure expresses the size of the debt divided by the segment of the overall treasury which has been allocated to specifically back it. The ratio is permitted to move in a wide range.

If and when necessary, additional amounts from the Rebel Technologic total aggregate treasury stack can be committed to the official backing, or further collateralizing, of the program debt.

BTC Gain

The projected net quantity of BTC acquired during the Program-year to be retained to the Rebel Technologic BTC Treasury.

It shows the amount of BTC that remains of the initial acquisitions after covering expenses.

The Rebel Technologic Treasury operational objective is the acquisition and long term hodling of BTC. The gain is simply the amount that’s moved to the permanent treasury balance sheet.

It’s the key empirical measure of the program’s funding strategy, BTC acquisition tactics and cost controls. BTC that are ”gained” expand the collateral base which allows debt maintenance and future treasury operations where the overall strategy is repeated.

BTC Gain gives the operation options to scale while taking advantage of timing opportunities to pause and press, indefinitely. This makes BTC Gain, among many Rebel Technologic operational metrics, the most important one.

5-year ARR to Cover

The requisite 5-year CAGR on the pNAV in order to discharge all program debt projected to have accrued during that time.

It shows the rate of growth at which the Rebel Technologic Treasury BTC Gain can overtake the enterprise debt level.

It symbolizes a major success milestone for the primary funding strategy as it is where the value of the "gained" BTC becomes greater than the entire remaining enterprise debt balance.

BTC Rating

The total enterprise BTC NAV relative to the total enterprise debt obligation outstanding.

It shows the multiple of Rebel Technologic enterprise debt which can be covered by its BTC treasury.

This ratio is an expression of the current overall Rebel Technologic balance sheet stength. It captures the aggregate performance and liabilities across preceeding Program-years, up-to and including current program conditions.

BTC Torque

The current enterprise BTC NAV relative to the total enterprise USD capital deployed to BTC.

It shows the retained BTC dollar-value created per dollar-deployed.

Factors include the USD price appreciation of BTC, purchase and sale optimization throughout the Program-year, as well as optimization of program expenses. A higher percentage indictes amore profitable performance.