What is Block (XYZ)'s mNAV?

Block's mNAV is currently 65.61×. mNAV divides XYZ's market capitalisation by the value of the Bitcoin it holds, so 65.61× means the market values the company at 65.61× the worth of its Bitcoin treasury (758.5M USD).

Is Block (XYZ) overvalued versus its Bitcoin?

At 65.61×, Block (XYZ) trades at a 6461% 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 42.45×–86.24×.

How much Bitcoin does Block (XYZ) hold?

Block holds 9,117 BTC, worth 758.5M USD at current prices. Its most recent purchase was 85 BTC on Jun 30, 2026.

Block

Name: Block (XYZ) mNAV time series
Creator: mNAV

XYZ

Market valuation vs the Bitcoin it holds

65.61×

live

Premium

a 6461% premium to Bitcoin NAV

Block trades at 65.61× its Bitcoin NAV — you pay $65.61 for every $1 of Bitcoin it holds, a 758.5M USD pile.

Live · last updated Oct 7, 2026

BTC held

9,117 BTC

Bitcoin treasury

Bitcoin NAV

758.5M USD

at today's BTC price

Market cap

49.8B USD

Fully diluted

Share price

76.1 USD

USD

Last BTC buy

85 BTC

Jun 30, 2026

mNAV over time

Last 12 months · diluted

Today's 65.61× sits in a 52-week range of 42.45× to 86.24×.

mNAV · 52-week range

42.45×–86.24×

42.45×now 65.61×86.24×

About Block

Block (XYZ) owns 9,117 BTC. At today's price that Bitcoin is worth 758.5M USD. The market caps the whole company at 49.8B USD — 65.61× its Bitcoin. Put plainly: you pay $65.61 for every $1 of Bitcoin it holds, a 6461% premium for everything that isn't the Bitcoin. It bought in at an average of 34.5K USD per coin.

Company facts

Country: USAsource
Headquarters: Oakland, Californiasource
Incorporated: Delawaresource
Business: Fintech: Square seller and Cash App consumer ecosystems (bitcoin holder)source
Fiscal year end: December 31source
Auditor: Ernst & Young LLP (San Francisco, California)source
Website: block.xyz ↗source
Investor relations: IR site ↗source
Social: X ↗LinkedIn ↗source

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

Block (XYZ) mNAV — frequently asked

What is Block (XYZ)'s mNAV?: Block's mNAV is currently 65.61×. mNAV divides XYZ's market capitalisation by the value of the Bitcoin it holds, so 65.61× means the market values the company at 65.61× the worth of its Bitcoin treasury (758.5M USD).
Is Block (XYZ) overvalued versus its Bitcoin?: At 65.61×, Block (XYZ) trades at a 6461% 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 42.45×–86.24×.
How much Bitcoin does Block (XYZ) hold?: Block holds 9,117 BTC, worth 758.5M USD at current prices. Its most recent purchase was 85 BTC on Jun 30, 2026.

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Full Block dashboard →Live treasury terminal Bitcoin treasuries by mNAV What is mNAV?XYZ investor relations ↗