FRMO Corp
FRMOMarket valuation vs the Bitcoin it holds
23.91×
live
Premium
a 2291% premium to Bitcoin NAV
FRMO Corp trades at 23.91× its Bitcoin NAV — you pay $23.91 for every $1 of Bitcoin it holds, a 12.9M USD pile.
Live · last updated
BTC held
159 BTC
Bitcoin treasury
Bitcoin NAV
12.9M USD
at today's BTC price
Market cap
309.1M USD
Fully diluted
Share price
7.01 USD
USD
Last BTC buy
1.6 BTC
May 31, 2025
mNAV over time
Last 12 months · diluted
Today's 23.91× sits in a 52-week range of 19.45× to 35.37×.
mNAV · 52-week range
19.45×–35.37×
19.45×now 23.91×35.37×
About FRMO Corp
FRMO Corp (FRMO) owns 159 BTC. At today's price that Bitcoin is worth 12.9M USD. The market caps the whole company at 309.1M USD — 23.91× its Bitcoin. Put plainly: you pay $23.91 for every $1 of Bitcoin it holds, a 2291% premium for everything that isn't the Bitcoin. It bought in at an average of 28.1K USD per coin.
FRMO Corp (FRMO) mNAV — frequently asked
- What is FRMO Corp (FRMO)'s mNAV?
- FRMO Corp's mNAV is currently 23.91×. mNAV divides FRMO's market capitalisation by the value of the Bitcoin it holds, so 23.91× means the market values the company at 23.91× the worth of its Bitcoin treasury (12.9M USD).
- Is FRMO Corp (FRMO) overvalued versus its Bitcoin?
- At 23.91×, FRMO Corp (FRMO) trades at a 2291% 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 19.45×–35.37×.
- How much Bitcoin does FRMO Corp (FRMO) hold?
- FRMO Corp holds 159 BTC, worth 12.9M USD at current prices. Its most recent purchase was 1.6 BTC on May 31, 2025.
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