Coinbase
COINMarket valuation vs the Bitcoin it holds
41.61×
live
Premium
a 4061% premium to Bitcoin NAV
Coinbase trades at 41.61× its Bitcoin NAV — you pay $41.61 for every $1 of Bitcoin it holds, a 1.40B USD pile.
Live · last updated
BTC held
17,311 BTC
Bitcoin treasury
Bitcoin NAV
1.40B USD
at today's BTC price
Market cap
58.3B USD
Fully diluted
Share price
194 USD
USD
Last BTC buy
819 BTC
Jul 30, 2026
mNAV over time
Last 12 months · diluted
Today's 41.61× sits in a 52-week range of 32.86× to 69.82×.
mNAV · 52-week range
32.86×–69.82×
32.86×now 41.61×69.82×
About Coinbase
Coinbase (COIN) owns 17,311 BTC. At today's price that Bitcoin is worth 1.40B USD. The market caps the whole company at 58.3B USD — 41.61× its Bitcoin. Put plainly: you pay $41.61 for every $1 of Bitcoin it holds, a 4061% premium for everything that isn't the Bitcoin. It bought in at an average of 62.5K USD per coin.
Coinbase (COIN) mNAV — frequently asked
- What is Coinbase (COIN)'s mNAV?
- Coinbase's mNAV is currently 41.61×. mNAV divides COIN's market capitalisation by the value of the Bitcoin it holds, so 41.61× means the market values the company at 41.61× the worth of its Bitcoin treasury (1.40B USD).
- Is Coinbase (COIN) overvalued versus its Bitcoin?
- At 41.61×, Coinbase (COIN) trades at a 4061% 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 32.86×–69.82×.
- How much Bitcoin does Coinbase (COIN) hold?
- Coinbase holds 17,311 BTC, worth 1.40B USD at current prices. Its most recent purchase was 819 BTC on Jul 30, 2026.
Related datapoints
Companies with a similar mNAV