Coinbase
COINMarket valuation vs the Bitcoin it holds
32.52×
live
Premium
a 3152% premium to Bitcoin NAV
Coinbase trades at 32.52× its Bitcoin NAV — you pay $32.52 for every $1 of Bitcoin it holds, a 1.27B USD pile.
Live · last updated
BTC held
16,492 BTC
Bitcoin treasury
Bitcoin NAV
1.27B USD
at today's BTC price
Market cap
41.4B USD
Fully diluted
Share price
138 USD
USD
Last BTC buy
1100 BTC
May 7, 2026
mNAV over time
Last 12 months · diluted
Today's 32.52× sits in a 52-week range of 28.60× to 57.07×.
mNAV · 52-week range
28.60×–57.07×
28.60×now 32.52×57.07×
About Coinbase
Coinbase (COIN) owns 16,492 BTC. At today's price that Bitcoin is worth 1.27B USD. The market caps the whole company at 41.4B USD — 32.52× its Bitcoin. Put plainly: you pay $32.52 for every $1 of Bitcoin it holds, a 3152% premium for everything that isn't the Bitcoin. It bought in at an average of 62.4K USD per coin.
Company facts
- Incorporated
- Texassource
- Business
- Crypto exchange and financial infrastructure platformsource
- Fiscal year end
- December 31source
- Auditor
- Deloitte & Touche, LLP (San Francisco, California)source
- Website
- coinbase.com ↗source
Each fact links to the filing or official page it was taken from.
Coinbase (COIN) mNAV — frequently asked
- What is Coinbase (COIN)'s mNAV?
- Coinbase's mNAV is currently 32.52×. mNAV divides COIN's market capitalisation by the value of the Bitcoin it holds, so 32.52× means the market values the company at 32.52× the worth of its Bitcoin treasury (1.27B USD).
- Is Coinbase (COIN) overvalued versus its Bitcoin?
- At 32.52×, Coinbase (COIN) trades at a 3152% 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 28.60×–57.07×.
- How much Bitcoin does Coinbase (COIN) hold?
- Coinbase holds 16,492 BTC, worth 1.27B USD at current prices. Its most recent purchase was 1100 BTC on May 7, 2026.
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