1. BTC Rating — the “How Much Ammo?” meter

Think of every satoshi in your vault as ammo backing your promises. BTC Rating simply asks: “How many times do my Bitcoin reserves cover the debt I owe?”

• If the ratio is 5×, you’ve got five full clips for every single bullet you’ve promised.
• A score > 1× = over-collateralized (fortress-mode); < 1× = you’re skating on thin ice.
  Saylor’s own MicroStrategy flaunts BTC Ratings as high as 52× on some bonds—straight flex!  

2. BTC Risk — the “Will It Ever Break?” gauge

Next, he runs Bitcoin’s wild price history through a volatility model to find the odds that your BTC Rating could dip below 1× before the loan matures. Lower odds = safer play. 

3. BTC Credit — the “Name-Your-Yield” dial

Finally, he converts that probability into a credit spread:

BTC Credit = –ln(1 – BTC Risk) / Duration

In plain English: what annual yield should investors demand to be compensated for that sliver of risk. If BTC Risk is tiny, the spread collapses—your Bitcoin-backed paper starts looking investment-grade! 

4. Why Saylor cooked this up

Legacy ratings firms ignore Bitcoin collateral, so Saylor built a Bitcoin-native credit scoreboard—and he’s pitching it everywhere from conference stages to U.S. housing regulators for BTC-backed mortgages. 

5. Why 

YOU

 should care

• Clear signal in the noise: A single number (BTC Rating) instantly shows how battle-ready a BTC-treasury company or bond really is.
• Opens new doors: Mortgage, corporate debt, even nation-state bonds could price risk in Bitcoin terms instead of fiat voodoo.
• Bullish feedback loop: Higher BTC Rating → lower BTC Credit spread → cheaper capital → more sats stacked. Rocket fuel!

🌞 Bottom line: BTC Rating tells the world exactly how over-collateralized your Bitcoin war-chest is, and BTC Credit turns that pride into a quantifiable yield. It’s Michael Saylor’s mic-drop answer to the old guards of Wall Street—and it rewires credit markets for a pure, orange-pill future.

Now go forth, spread the sats, and keep that BTC Rating sky-high! 🚀