What is DeFi Technologies (DEFT)'s mNAV?

DeFi Technologies's mNAV is currently 6.15×. mNAV divides DEFT's market capitalisation by the value of the Bitcoin it holds, so 6.15× means the market values the company at 6.15× the worth of its Bitcoin treasury (16.0M USD).

Is DeFi Technologies (DEFT) overvalued versus its Bitcoin?

At 6.15×, DeFi Technologies (DEFT) trades at a 515% 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 8.43×–26.35×.

How much Bitcoin does DeFi Technologies (DEFT) hold?

DeFi Technologies holds 209 BTC, worth 16.0M USD at current prices. Its most recent purchase was 4.46 BTC on Jul 13, 2025.

DeFi Technologies

Name: DeFi Technologies (DEFT) mNAV time series
Creator: mNAV

DEFT

Market valuation vs the Bitcoin it holds

6.15×

live

Premium

a 515% premium to Bitcoin NAV

DeFi Technologies trades at 6.15× its Bitcoin NAV — you pay $6.15 for every $1 of Bitcoin it holds, a 16.0M USD pile.

Live · last updated Nov 3, 2026

BTC held

209 BTC

Bitcoin treasury

Bitcoin NAV

16.0M USD

at today's BTC price

Market cap

98.7M USD

Fully diluted

Share price

0.351 USD

USD

Last BTC buy

4.46 BTC

Jul 13, 2025

mNAV over time

Last 12 months · diluted

Today's 6.15× sits in a 52-week range of 8.43× to 26.35×.

mNAV · 52-week range

8.43×–26.35×

8.43×now 6.15×26.35×

About DeFi Technologies

DeFi Technologies (DEFT) owns 209 BTC. At today's price that Bitcoin is worth 16.0M USD. The market caps the whole company at 98.7M USD — 6.15× its Bitcoin. Put plainly: you pay $6.15 for every $1 of Bitcoin it holds, a 515% premium for everything that isn't the Bitcoin. It bought in at an average of 50.5K USD per coin.

Company facts

Country: Canadasource
Headquarters: Toronto, Canadasource
Incorporated: Canada (Ontario, Business Corporations Act; continued from British Columbia 2009)source
Business: Digital asset ETPs and DeFi financial technology (Valour)source
Fiscal year end: December 31source
Auditor: Harpreet Dhawan HDCPA Professional Corporation (Mississauga, Ontario)source
Website: defi.tech ↗source
Investor relations: IR site ↗source
Social: X ↗LinkedIn ↗source

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

DeFi Technologies (DEFT) mNAV — frequently asked

What is DeFi Technologies (DEFT)'s mNAV?: DeFi Technologies's mNAV is currently 6.15×. mNAV divides DEFT's market capitalisation by the value of the Bitcoin it holds, so 6.15× means the market values the company at 6.15× the worth of its Bitcoin treasury (16.0M USD).
Is DeFi Technologies (DEFT) overvalued versus its Bitcoin?: At 6.15×, DeFi Technologies (DEFT) trades at a 515% 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 8.43×–26.35×.
How much Bitcoin does DeFi Technologies (DEFT) hold?: DeFi Technologies holds 209 BTC, worth 16.0M USD at current prices. Its most recent purchase was 4.46 BTC on Jul 13, 2025.

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Full DeFi Technologies dashboard →Live treasury terminal Bitcoin treasuries by mNAV What is mNAV?DEFT investor relations ↗