FRMO Corp (FRMO) — BTC Stacking Curve
Cumulative holdings, every disclosed buy, share price, and the best-fit saturation curve.
FRMO Corp holds 159 BTC across 4 disclosed purchases. Average cost basis $28,144 per BTC. Last 30 days: 0 BTC. Last 90 days: 0 BTC — 0/week. Best fit: Richards (R² 1.00). Curve flattens toward 159.16 BTC, steepest accumulation Sep 2022.
Transaction history
All BTC transactions, most recent first.
| Date | BTC | Spot | USD Cost | Cumulative |
|---|---|---|---|---|
| May 31, 2025 | 1.6 | $104.0K | $166.4K | 159 |
| May 31, 2024 | 10.4 | $68.4K | $711.1K | 157.4 |
| May 31, 2023 | 84.16 | $27.7K | $2.3M | 147 |
| Sep 14, 2022 | 62.84 | $20.2K | $1.3M | 62.84 |
How to read this chart
Cumulative BTC held — the staircase. Each step is a disclosed purchase; the step height is the size of the buy.
Purchase bubbles — one per buy. Bubble size is the BTC count; vertical position is the per-BTC cost basis. Small-and-high is a small buy at a high price; big-and-low is a big buy made cheap.
Share price — the secondary line on the right axis. Did the company stack faster when its equity ran hot?
Regression fit — the best of a Richards and a Gompertz saturation curve, chosen by log-R². It has to flatten: there are only 21 million Bitcoin.
Controls — Linear/Log switches the BTC axis. Play animates the curve forward through disclosure time. ‹ › steps through the cohort by holdings.