What is Bitmax (377030.KQ)'s mNAV?

Bitmax's mNAV is currently 0.40×. mNAV divides 377030.KQ's market capitalisation by the value of the Bitcoin it holds, so 0.40× means the market values the company at 0.40× the worth of its Bitcoin treasury (42.5M USD).

Is Bitmax (377030.KQ) overvalued versus its Bitcoin?

At 0.40×, Bitmax (377030.KQ) trades at a 60% discount 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 0.26×–5.24×.

How much Bitcoin does Bitmax (377030.KQ) hold?

Bitmax holds 551 BTC, worth 42.5M USD at current prices. Its most recent purchase was 51.1 BTC on Aug 13, 2025.

Bitmax

Name: Bitmax (377030.KQ) mNAV time series
Creator: mNAV

377030.KQ

Market valuation vs the Bitcoin it holds

0.40×

live

Discount

a 60% discount to Bitcoin NAV

Bitmax trades at 0.40× its Bitcoin NAV — you pay 40¢ for every $1 of Bitcoin it holds, a 42.5M USD pile.

Live · last updated Nov 3, 2026

BTC held

551 BTC

Bitcoin treasury

Bitcoin NAV

42.5M USD

at today's BTC price

Market cap

17.1M USD

Fully diluted

Share price

1,790 KRW

KRW

Last BTC buy

51.1 BTC

Aug 13, 2025

mNAV over time

Last 12 months · diluted

Today's 0.40× sits in a 52-week range of 0.26× to 5.24×.

mNAV · 52-week range

0.26×–5.24×

0.26×now 0.40×5.24×

About Bitmax

Bitmax (377030.KQ) owns 551 BTC. At today's price that Bitcoin is worth 42.5M USD. The market caps the whole company at 17.1M USD — 0.40× its Bitcoin. Put plainly: you pay 40¢ for every $1 of Bitcoin it holds, a 60% discount to simply owning the coins. It bought in at an average of 723 USD per coin.

Company facts

Country: South Koreasource
Headquarters: Seoul, South Koreasource
Incorporated: South Korea (chusik hoesa / 주식회사)source
Business: Bitcoin treasury strategy plus AR/XR platforms and IT services (SI)source
Fiscal year end: December 31source
Auditor: Samduk Accounting Corporation (삼덕회계법인)source
Website: bitmax.im ↗source
Investor relations: IR site ↗source
Social: LinkedIn ↗YouTube ↗source

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

Bitmax (377030.KQ) mNAV — frequently asked

What is Bitmax (377030.KQ)'s mNAV?: Bitmax's mNAV is currently 0.40×. mNAV divides 377030.KQ's market capitalisation by the value of the Bitcoin it holds, so 0.40× means the market values the company at 0.40× the worth of its Bitcoin treasury (42.5M USD).
Is Bitmax (377030.KQ) overvalued versus its Bitcoin?: At 0.40×, Bitmax (377030.KQ) trades at a 60% discount 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 0.26×–5.24×.
How much Bitcoin does Bitmax (377030.KQ) hold?: Bitmax holds 551 BTC, worth 42.5M USD at current prices. Its most recent purchase was 51.1 BTC on Aug 13, 2025.

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Full Bitmax dashboard →Live treasury terminal Bitcoin treasuries by mNAV What is mNAV?377030.KQ investor relations ↗