TCBCI — Trinity Corporate Conviction IndexTRINITY EXCLUSIVE
Composite Trinity proprietary scoring 0-100 the conviction of corporate treasuries holding Bitcoin. Aggregates total corporate holdings growth, new entrants velocity, geographic diversification, MSTR premium resilience, and sector diversification. Above 65 = strong adoption. Below 35 = weakening conviction.
Trinity exclusive model
This metric is a proprietary Trinity Insights model. Its formula, inputs, weights and parameters are NOT disclosed. The page documents only the output (bounded scale, interpretation zones, historical context). Access to the score and its time series is via the REST API and the MCP server, subject to the required tier.
What is it?
TCBCI is a Trinity proprietary composite scoring 0-100 the conviction of corporate treasuries holding Bitcoin. The model aggregates five normalized inputs through a calibrated weighted scheme: total corporate Bitcoin holdings growth, new entrants velocity over a rolling window, geographic concentration inverse, MSTR premium NAV resilience, and sector concentration inverse. Each input is normalized via rolling percentile rank to handle regime shifts, then combined and clipped to a 0-100 score. Above 65 = strong conviction regime; below 35 = weakening conviction.
How to read
The horizontal axis is time. The vertical axis displays the TCBCI score bounded 0-100. Three regime zones are color-coded: green above 65 (strong adoption), yellow 35-65 (transition), red below 35 (weakening). The line evolves daily as new corporate filings, balance sheet disclosures, and Bitcoin price moves update the underlying inputs. The BTC overlay on the right axis (toggle) provides cross-asset context: TCBCI rising while BTC consolidates often reflects fundamental institutional accumulation; TCBCI declining during BTC rally may indicate corporate exhaustion or rotation away from balance sheet exposure.
Key zones
• Above 80: euphoric corporate accumulation, broad-based adoption with low concentration (rare) • 65-80: strong conviction regime, sustained accumulation with healthy diversification • 50-65: moderate conviction, mixed regime conditions • 35-50: weakening conviction, early warning of corporate sector cooling • Below 35: stressed regime, concentration with reduced new entrants velocity • Below 20: extreme stress, capitulation phase historically marking cycle bottoms
What to observe
• Crossings of the 35 and 65 thresholds as institutional regime transition markers • Multi-week sustained values in extreme zones (above 80 or below 20) as cycle inflection candidates • Divergences with BTC price (TCBCI declining while BTC rising) as corporate exhaustion warnings • Confluence with TEHS (ETF Health Score) — when both Trinity composites decline simultaneously, the institutional regime is genuinely weakening across both wrappers • Sharp drops associated with notable corporate sale events (Tesla 75% sell July 2021, FTX-related drawdowns Q4 2022)
Historical context
TCBCI is computable since MicroStrategy's first Bitcoin purchase on August 11, 2020 — the inception of corporate Bitcoin treasury era. Historical regime examples include the strong adoption phase of August 2020 to April 2021 (post-MSTR move attracting Tesla, Square, and dozens of mid-cap entities), the May-July 2021 contraction (Tesla 75% sell + halving carbon Musk tweet), the post-FTX November 2022 capitulation, and the late 2023 institutional re-acceleration coinciding with ETF approval anticipation. The aggregate corporate holdings have grown from approximately 21,000 BTC at MSTR inception to over one million BTC across multiple jurisdictions and sectors by 2026.
Expert notes
⚠️ Trinity Exclusive Model — TCBCI is a Trinity proprietary composite without academic publication of reference. The five-input weighted scheme and rolling percentile rank normalization are calibrated to handle corporate treasury Bitcoin specificity (sparse historical data pre-2020, regime shifts around macro events). The sector concentration HHI input uses a default value where granular sector data is unavailable. Read TCBCI as a macro reading complementary to individual corporate filings analysis. Couple with TEHS (Trinity ETF Health Score) for institutional regime cross-validation across the two largest corporate Bitcoin exposure wrappers.
Common mistakes to avoid
Do not treat TCBCI as a price predictor — the score reflects corporate institutional health, not directional market forecast. Do not use single-day TCBCI readings for tactical decisions — the composite operates on multi-week horizons. Do not extrapolate TCBCI from a small sample of corporate disclosures to the entire institutional landscape — ETF flows (tracked by TEHS) capture a complementary dimension. Do not confuse TCBCI with single-input metrics like new entrants count or MSTR premium — it deliberately aggregates five complementary dimensions.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/macro-intelligence/macro-tcbci-corporate-conviction-index/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "macro-tcbci-corporate-conviction-index",
"timeframe": "1y"
}Required tier: free. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
Related metrics
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.