Bitcoin Treasury Companies built on Digital Credit have two primary levers to “drive” outperformance relative to $BTC: 1. Increase Bitcoin Per Share. 2. Increase Amplification. Increasing Bitcoin Per Share is the compounding engine. By raising capital accretively and acquiring additional $BTC, a BTC-TC increases the amount of $BTC economically attributable to each outstanding common share. Increasing Amplification is the performance engine. By raising capital to finance $BTC accumulation, a BTC-TC increases the sensitivity of its common equity to changes in the $BTC price. These two levers are distinct but complementary. Bitcoin Per Share determines how much $BTC exposure shareholders have. Amplification determines how powerfully that exposure translates into equity performance. The objective is to compound Bitcoin Per Share while intelligently managing Amplification. One increases the underlying economic value attributable to each share. The other magnifies the potential returns on that value. Together, they create the structural foundation for sustained $BTC outperformance.