Insights
Data-driven research on Bitcoin treasury companies — built on the same live metrics that power the mNAV terminal.
What Is mNAV? The Definitive Guide to Bitcoin Treasury Company Valuation
mNAV — multiple of net asset value — measures a Bitcoin treasury company's market value against the Bitcoin it holds. The formula, the three calculation methods, issued vs fully-diluted, and why the same company has several defensible mNAVs.
Read →How Much Bitcoin Will Treasury Companies Take Off the Market?
Treasury companies are quietly sequestering a growing slice of the Bitcoin supply. We track the cumulative total — and what its trajectory implies.
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