SW SCORE

Live markets, frozen scoring

Strategy market quotes provide context only. They can reflect the last close rather than real-time trading; source timestamps and freshness definitions are available under Market information. Stale or unavailable values are explicitly identified.

Every challenge uses its own approved, frozen economic snapshot. Live prices never update an existing challenge, its reference distribution or historical results. The simulator displays its scoring snapshot separately from market information.

Challenge-relative by design

The engine generates every valid mix of Buy BTC, Buy Back MSTR, Buy Back STRC, and Hold Cash that sums to 100%, in fixed 2 percentage-point increments. Invalid allocations are excluded through the same transaction-engine validation used for player choices. The current four-action universe contains 23,426 candidates before challenge-specific exclusions.

Percentiles and ties

Each raw outcome is located in its empirical challenge distribution. Higher is always better. Ties use the deterministic midrank formula: 100 × (outcomes below + 0.5 × equal outcomes) ÷ total outcomes. This is not min-max normalization, and iteration order cannot change a result.

Four dimensions

• 35% Economic Accretion — change in proprietary SW Economic Net BPS (Sats).
• 30% Bitcoin Accretion — change in official Strategy BPS (Sats).
• 20% Fixed-Charge Efficiency — reduction in modeled annual interest and dividends.
• 15% Optionality — deployable cash remaining after allocation.

Composite and public score

The four weighted component percentiles first produce a raw raw composite score. The public total score is that raw composite's midrank percentile within all 23,426 feasible challenge allocations. This preserves the weighted ranking while calibrating the public 0–100 scale to the challenge universe.

Why resilience is explanatory, not scored

The Challenge 001 calibration audit found perfect rank correlation between Fixed-Charge Efficiency, USD Duration, Senior Claims Reduction, and the former Balance-Sheet Resilience component. Scoring each would materially double-count the same capital-structure action. USD Duration, Senior Claims, Senior Claims Reduction, and Amplification remain explanatory financial metrics. USD Duration also continues to enforce the USD Reserve policy guardrail.

Metrics and policy guardrail

Official Strategy metrics use STRATEGY_METRICS_2026_07_23_V1. Economic Accretion uses the separately versioned proprietary SW_ANALYTICS_V1. If the modeled USD Reserve policy is breached, the final score is capped at 60; the allocation remains valid.

Known limitations

The universe uses discrete 2% increments and frozen challenge assumptions. It does not model market impact, taxes, future prices, timing, execution uncertainty, or actions outside the challenge. Percentiles are comparable within a challenge, not automatically across different challenges.