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Bitcoin Treasuries BTC Holdings in Public Companies Treasuries vs Market Cap of Public Companies Holding BTC

Bitcoin

The market value of BTC held in public-company treasuries set against the combined market capitalization of those same companies.

Why it matters

It reveals the aggregate premium or discount the equity market assigns to the corporate Bitcoin wrapper.

How it is built

Disclosed BTC positions are summed and valued at market price on one series; the holders' market capitalizations are summed on the other.

What to watch

When combined market cap far exceeds the value of the coins held, the sector trades on faith in the treasury model itself — a gap that measures speculative appetite for wrapped exposure, not Bitcoin's value, and one that can close abruptly.

Related metrics

Bitcoin Treasuries BTC Holdings in Public Companies Treasuries vs Market Cap of Public Companies Holding BTC — Bitcoin · Cryp2Nova