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Keel Infrastructure

KEEL.TO

Market valuation vs the Bitcoin it holds

6.08×
live
Premium
a 508% premium to Bitcoin NAV

Keel Infrastructure trades at 6.08× its Bitcoin NAV — you pay $6.08 for every $1 of Bitcoin it holds, a 188.7M USD pile.

Live · last updated

BTC held
2,469 BTC
Bitcoin treasury
Bitcoin NAV
188.7M USD
at today's BTC price
Market cap
1.15B USD
Fully diluted
Share price
2.66 CAD
CAD
Last BTC buy
911 BTC
May 15, 2026

mNAV over time

Last 12 months · diluted

Today's 6.08× sits in a 52-week range of 6.06× to 27.03×.

mNAV · 52-week range
6.06×–27.03×
6.06×now 6.08×27.03×

About Keel Infrastructure

Keel Infrastructure (KEEL.TO) owns 2,469 BTC. At today's price that Bitcoin is worth 188.7M USD. The market caps the whole company at 1.15B USD — 6.08× its Bitcoin. Put plainly: you pay $6.08 for every $1 of Bitcoin it holds, a 508% premium for everything that isn't the Bitcoin. It bought in at an average of 81.5K USD per coin.

Company facts

Country
United Statessource
Headquarters
New York, New Yorksource
Incorporated
Delawaresource
Business
HPC/AI data center and energy infrastructure (legacy bitcoin mining)source
Fiscal year end
December 31source
Auditor
PricewaterhouseCoopers LLP (United States)source
Investor relations
IR site ↗source

Each fact links to the filing or official page it was taken from.

Keel Infrastructure (KEEL.TO) mNAV — frequently asked

What is Keel Infrastructure (KEEL.TO)'s mNAV?
Keel Infrastructure's mNAV is currently 6.08×. mNAV divides KEEL.TO's market capitalisation by the value of the Bitcoin it holds, so 6.08× means the market values the company at 6.08× the worth of its Bitcoin treasury (188.7M USD).
Is Keel Infrastructure (KEEL.TO) overvalued versus its Bitcoin?
At 6.08×, Keel Infrastructure (KEEL.TO) trades at a 508% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 6.06×–27.03×.
How much Bitcoin does Keel Infrastructure (KEEL.TO) hold?
Keel Infrastructure holds 2,469 BTC, worth 188.7M USD at current prices. Its most recent purchase was 911 BTC on May 15, 2026.

Related datapoints