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![tractialX Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1941080455425449984.png) BDM Tractial [@tractialX](/creator/twitter/tractialX) on x XXX followers
Created: 2025-07-21 15:17:00 UTC

📊 According to Anders Jensen @Anders_ a #BTC Treasury Company can no longer be evaluated using traditional KPIs.

🔁 He proposes a new set of key indicators:

– mNAV (modified Net Asset Value)
– BTC Yield per quarter
– Days to Cover mNAV (CoinDesk 2025 study)
– Local macro conditions

👉 It’s a new framework for analyzing Leveraged Bitcoin Equities (LBEs)

#CorporateTreasury #BTCStrategy
#Investing $ALBDM #BDM #tractial
#Bitcoin $BTC #Fintech

![](https://pbs.twimg.com/media/GwY4UZdW0AAz5bO.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947314875908161701/c:line.svg)

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[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/tractialX/status/1947314875908161701)