Justin, the Benchmade titanium CQC-7 was an affordable low/no magnetic signature knife. It was made for those who would be working in areas where a magnetic signature could create problems i.e. bomb disposal. I am not sure I understand the rest of your question. If you are asking waht bt is, then that has been answered. If you are asking why a titanium blade would be coated with black t, I would think it would be for making the blade harder to see, glare reduction or for the lubricating properties of black t.
As far as what you have, in my opinion you have a low production model from Benchmade that will no longer be made by Benchmade, because Emerson now has a production facility and will be making all future models of the CQC-7. It really isn't worth much right now, because it is recent production and they are still available from dealers. To some extent, that is. If it is going to appreciate in value, it won't be for a while. I think it is a good collectors piece for those who are fans of the CQC-7, Benchmade or titanium knives.
Titanium is not known as a metal that will hold an edge under a lot of use. The titanium blade you have, has a carbide coating on the back of the edge. This is to help the knife hold it's edge. It will never be razor sharp with this coating, but it will get sharp enough to cut fairly well.
OK, did I miss anything guys?
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Paranoia is only smart thinking
when everyone is out to get you.