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Entities Btctc Mnav Btctc Mnav

Bitcoin

mNAV is the ratio of a treasury company's market cap to the net asset value of its Bitcoin holdings.

Why it matters

It measures the premium (or discount) equity investors pay over the underlying Bitcoin.

How it is built

Market capitalization is divided by the net asset value of the company's Bitcoin.

What to watch

mNAV above 1 signals a premium that can compress sharply if sentiment turns, a key risk for these stocks.

Related metrics

Entities Btctc Mnav Btctc Mnav — Bitcoin · Cryp2Nova