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Meliuz

CASH3.SA

Market valuation vs the Bitcoin it holds

1.38×
as at close
Premium
a 38% premium to Bitcoin NAV

Meliuz trades at 1.38× its Bitcoin NAV — you pay $1.38 for every $1 of Bitcoin it holds, a 46.7M USD pile.

Live · last updated

BTC held
605 BTC
Bitcoin treasury
Bitcoin NAV
46.7M USD
at today's BTC price
Market cap
84.8M USD
Fully diluted
Share price
4.13 BRL
BRL
Last BTC buy
9.03 BTC
Sep 4, 2025

mNAV over time

Last 12 months · diluted

Today's 1.38× sits in a 52-week range of 1.20× to 2.53×.

mNAV · 52-week range
1.20×–2.53×
1.20×now 1.38×2.53×

About Meliuz

Meliuz (CASH3.SA) owns 605 BTC. At today's price that Bitcoin is worth 46.7M USD. The market caps the whole company at 84.8M USD — 1.38× its Bitcoin. Put plainly: you pay $1.38 for every $1 of Bitcoin it holds, a 38% premium for everything that isn't the Bitcoin. It bought in at an average of 37.1K USD per coin.

Company facts

Country
Brazilsource
Headquarters
São Bernardo do Campo, São Paulo, Brazilsource
Incorporated
Brazil (sociedade anônima de capital aberto, CNPJ 14.110.585/0001-07, CVM code 25232)source
Business
Cashback/online shopping platform and Bitcoin treasury companysource
Fiscal year end
December 31source
Auditor
PricewaterhouseCoopers Auditores Independentes Ltda. (Belo Horizonte, Brazil)source
Investor relations
IR site ↗source

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

Meliuz (CASH3.SA) mNAV — frequently asked

What is Meliuz (CASH3.SA)'s mNAV?
Meliuz's mNAV is currently 1.38×. mNAV divides CASH3.SA's market capitalisation by the value of the Bitcoin it holds, so 1.38× means the market values the company at 1.38× the worth of its Bitcoin treasury (46.7M USD).
Is Meliuz (CASH3.SA) overvalued versus its Bitcoin?
At 1.38×, Meliuz (CASH3.SA) trades at a 38% 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 1.20×–2.53×.
How much Bitcoin does Meliuz (CASH3.SA) hold?
Meliuz holds 605 BTC, worth 46.7M USD at current prices. Its most recent purchase was 9.03 BTC on Sep 4, 2025.

Related datapoints