Hut 8
HUTMarket valuation vs the Bitcoin it holds
12.23×
Premium
a 1123% premium to Bitcoin NAV
Hut 8 trades at 12.23× its Bitcoin NAV — you pay $12.23 for every $1 of Bitcoin it holds, a 943.9M USD pile.
Live · last updated
BTC held
14,460 BTC
Bitcoin treasury
Bitcoin NAV
943.9M USD
at today's BTC price
Market cap
11.5B USD
Fully diluted
Share price
98.3 USD
USD
Last BTC buy
764 BTC
Mar 31, 2026
mNAV over time
Full history · dilutedToday's 12.23× sits in a 52-week range of 2.07× to 15.73×.
mNAV · 52-week range
2.07×–15.73×
2.07×now 12.23×15.73×
About Hut 8
Hut 8 (HUT) owns 14,460 BTC. At today's price that Bitcoin is worth 943.9M USD. The market caps the whole company at 11.5B USD — 12.23× its Bitcoin. Put plainly: you pay $12.23 for every $1 of Bitcoin it holds, a 1123% premium for everything that isn't the Bitcoin. It bought in at an average of 59.4K USD per coin.
Hut 8 (HUT) mNAV — frequently asked
- What is Hut 8 (HUT)'s mNAV?
- Hut 8's mNAV is currently 12.23×. mNAV divides HUT's market capitalisation by the value of the Bitcoin it holds, so 12.23× means the market values the company at 12.23× the worth of its Bitcoin treasury (943.9M USD).
- Is Hut 8 (HUT) overvalued versus its Bitcoin?
- At 12.23×, Hut 8 (HUT) trades at a 1123% 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 2.07×–15.73×.
- How much Bitcoin does Hut 8 (HUT) hold?
- Hut 8 holds 14,460 BTC, worth 943.9M USD at current prices. Its most recent purchase was 764 BTC on Mar 31, 2026.
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