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Gemini Space Station Inc

GEMI

Market valuation vs the Bitcoin it holds

4.29×
live
Premium
a 329% premium to Bitcoin NAV

Gemini Space Station Inc trades at 4.29× its Bitcoin NAV — you pay $4.29 for every $1 of Bitcoin it holds, a 85.7M USD pile.

Live · last updated

BTC held
1,109 BTC
Bitcoin treasury
Bitcoin NAV
85.7M USD
at today's BTC price
Market cap
367.6M USD
Fully diluted
Share price
2.7 USD
USD
Last BTC buy
1260 BTC
May 14, 2026

mNAV over time

Last 12 months · diluted

Today's 4.29× sits in a 52-week range of 3.67× to 76.23×.

mNAV · 52-week range
3.67×–76.23×
3.67×now 4.29×76.23×

About Gemini Space Station Inc

Gemini Space Station Inc (GEMI) owns 1,109 BTC. At today's price that Bitcoin is worth 85.7M USD. The market caps the whole company at 367.6M USD — 4.29× its Bitcoin. Put plainly: you pay $4.29 for every $1 of Bitcoin it holds, a 329% premium for everything that isn't the Bitcoin. It bought in at an average of 90.2K USD per coin.

Company facts

Country
USAsource
Headquarters
New York, New Yorksource
Incorporated
Nevadasource
Business
Crypto exchange, custody and trading platformsource
Fiscal year end
December 31source
Auditor
Deloitte & Touche LLP (New York, New York)source
Investor relations
IR site ↗source

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

Gemini Space Station Inc (GEMI) mNAV — frequently asked

What is Gemini Space Station Inc (GEMI)'s mNAV?
Gemini Space Station Inc's mNAV is currently 4.29×. mNAV divides GEMI's market capitalisation by the value of the Bitcoin it holds, so 4.29× means the market values the company at 4.29× the worth of its Bitcoin treasury (85.7M USD).
Is Gemini Space Station Inc (GEMI) overvalued versus its Bitcoin?
At 4.29×, Gemini Space Station Inc (GEMI) trades at a 329% 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 3.67×–76.23×.
How much Bitcoin does Gemini Space Station Inc (GEMI) hold?
Gemini Space Station Inc holds 1,109 BTC, worth 85.7M USD at current prices. Its most recent purchase was 1260 BTC on May 14, 2026.

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