IBIT to BTC Price Calculator
Convert IBIT options strikes and premiums into Bitcoin price targets using the BTC-per-share ratio. Formulas: Strike ÷ ratio (ITM), (Strike + Premium) ÷ ratio (call break-even), and (Strike − Premium) ÷ ratio (put break-even).
Methodology: BTC-per-share ratio sourced from BlackRock iShares daily holdings data. Live prices via CoinGecko (BTC) and Finnhub (IBIT). Implied BTC = IBIT price ÷ ratio. Premium/discount calculated vs. real-time BTC spot.
Options Break-Even Calculator
"What BTC price does this contract need?"
Enter the option premium from your brokerage to calculate break-even.
Common IBIT Strikes → BTC Prices
Quick reference for standard strikes. Enter premium above for break-even calculation.
| IBIT Strike | BTC for ITM | vs. Current BTC |
|---|---|---|
| $40.00 | $70,423 | ▲ Infinity% above |
| $45.00 | $79,225 | ▲ Infinity% above |
| $50.00● Current | $88,028 | ▲ Infinity% above |
| $55.00 | $96,831 | ▲ Infinity% above |
| $60.00 | $105,634 | ▲ Infinity% above |
| $65.00 | $114,437 | ▲ Infinity% above |
| $70.00 | $123,239 | ▲ Infinity% above |
| $75.00 | $132,042 | ▲ Infinity% above |
| $80.00 | $140,845 | ▲ Infinity% above |
| $85.00 | $149,648 | ▲ Infinity% above |
| $90.00 | $158,451 | ▲ Infinity% above |
Current IBIT ↔ BTC Parity
Live market data for reference.
FAQ
How do I convert an IBIT strike price to Bitcoin price?
Divide the IBIT strike by the BTC-per-share ratio. Example: a $60 strike with a 0.000568 ratio corresponds to about $105,634 BTC (60 ÷ 0.000568).
How do I calculate the break-even Bitcoin price for an IBIT call option?
Add the premium to the strike, then divide by the BTC-per-share ratio. Example: ($60 + $1.03) ÷ 0.000568 ≈ $107,447 BTC.
How do I calculate the break-even Bitcoin price for an IBIT put option?
Subtract the premium from the strike, then divide by the BTC-per-share ratio. Example: ($50 − $1.00) ÷ 0.000568 ≈ $86,268 BTC. For the put to profit, BTC must fall below this price.
How many IBIT shares equal one Bitcoin?
Compute 1 ÷ ratio. With a 0.000568 BTC-per-share ratio, that's about 1,761 shares per BTC.
What does IBIT premium or discount to NAV mean?
It reflects how IBIT's market price compares to the BTC value implied by its holdings; deviations can occur due to timing and after-hours conditions.
Where does the BTC-per-share ratio come from?
The ratio is derived from BlackRock iShares official holdings data, which shows how much Bitcoin backs each IBIT share. This ratio changes over time as the fund grows or fees are deducted.