Job Description

Job Title:

Corporate Development Analyst

Job Description:

About the Role

the firm is a public company with a small team and a large balance sheet. The

Corporate Development Analyst builds and owns the analysis behind the company's transaction

and capital decisions: what something is worth, what it does to Bitcoin per share, and whether it is

worth doing.

1. Financial Modelling

– Builds and owns the transaction and capital models: valuation, accretion and dilution, pro forma

capital structure, and scenario and sensitivity analysis.

– Models Bitcoin per share impact across a range of Bitcoin price, premium, and issuance

assumptions. This is the primary test applied to anything proposed.

– Builds to a standard that survives inspection: explicit assumptions, no hardcoded overrides

inside formulas, clear source referencing, and a structure another analyst can pick up cold.

– Stress-tests the downside first. A model is expected to show the conditions under which a

transaction fails, not only the case for doing it.

2. Transaction Support

– Runs diligence workstreams on acquisitions and strategic transactions — financial, commercial,

and structural — coordinating external advisers where they are used rather than deferring to

them.

– Prepares the decision materials: board and committee papers, transaction memoranda, and the

analysis behind a recommendation.

– Maintains the opportunity pipeline with a named status, owner, and next step against each item,

visible without being asked for.

– Supports execution through signing and close, including the analytical inputs to integration

planning where relevant.

3. Market and Sector Analysis

– Tracks the Bitcoin treasury sector: capital structures, issuance activity, and mNAV and Bitcoin

per share performance across comparable issuers.

– Maintains the comparable company and precedent transaction sets that underpin the

company's valuation work.

– Converts sector activity into a view. What a competitor's issuance implies for XXI, not simply

that it happened.

4. Analytical Reporting

– Supports the CFO with analysis for the Board, the investor base, and research and rating

counterparties.

– Builds the recurring reporting on capital deployment and Bitcoin per share, so the position is

standing information rather than a request each quarter.

Company Requirements:

Qualifications

Required

– Five to seven years in investment banking, private equity, or a comparable transaction

environment.

– Demonstrably strong financial modelling: valuation, accretion and dilution, three-statement, and

scenario analysis built from scratch rather than adapted from a template.

– A record of analysis that reached an investment committee or board and carried a decision.

– Command of accounting, and of how transaction structure flows through the financial

statements.

– Clear written work: a memorandum that states a recommendation and the reasoning behind it,

not a summary of the material.

– Comfort operating without structure. There is no analyst bench here; the role defines its own

process.

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