What is Murano (MRNO)'s mNAV?

Murano's mNAV is currently 12.60×. mNAV divides MRNO's market capitalisation by the value of the Bitcoin it holds, so 12.60× means the market values the company at 12.60× the worth of its Bitcoin treasury (1.61M USD).

Is Murano (MRNO) overvalued versus its Bitcoin?

At 12.60×, Murano (MRNO) trades at a 1160% 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 9.28×–100.40×.

How much Bitcoin does Murano (MRNO) hold?

Murano holds 21 BTC, worth 1.61M USD at current prices. Its most recent purchase was 21 BTC on Jul 7, 2025.

Murano

Name: Murano (MRNO) mNAV time series
Creator: mNAV

MRNO

Market valuation vs the Bitcoin it holds

12.60×

live

Premium

a 1160% premium to Bitcoin NAV

Murano trades at 12.60× its Bitcoin NAV — you pay $12.60 for every $1 of Bitcoin it holds, a 1.61M USD pile.

Live · last updated Nov 3, 2026

BTC held

21 BTC

Bitcoin treasury

Bitcoin NAV

1.61M USD

at today's BTC price

Market cap

20.3M USD

Fully diluted

Share price

0.211 USD

USD

Last BTC buy

21 BTC

Jul 7, 2025

mNAV over time

Last 12 months · diluted

Today's 12.60× sits in a 52-week range of 9.28× to 100.40×.

mNAV · 52-week range

9.28×–100.40×

9.28×now 12.60×100.40×

About Murano

Murano (MRNO) owns 21 BTC. At today's price that Bitcoin is worth 1.61M USD. The market caps the whole company at 20.3M USD — 12.60× its Bitcoin. Put plainly: you pay $12.60 for every $1 of Bitcoin it holds, a 1160% premium for everything that isn't the Bitcoin. It bought in at an average of 108.2K USD per coin.

Company facts

Country: United Kingdomsource
Headquarters: London, United Kingdomsource
Incorporated: Jersey (public limited company)source
Business: Mexican real estate and hospitality developer (bitcoin treasury)source
Fiscal year end: December 31source
Auditor: KPMG Cárdenas Dosal, S.C. (Mexico City, Mexico)source
Website: murano.com.mx ↗source
Investor relations: IR site ↗source
Social: X ↗LinkedIn ↗source

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

Murano (MRNO) mNAV — frequently asked

What is Murano (MRNO)'s mNAV?: Murano's mNAV is currently 12.60×. mNAV divides MRNO's market capitalisation by the value of the Bitcoin it holds, so 12.60× means the market values the company at 12.60× the worth of its Bitcoin treasury (1.61M USD).
Is Murano (MRNO) overvalued versus its Bitcoin?: At 12.60×, Murano (MRNO) trades at a 1160% 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 9.28×–100.40×.
How much Bitcoin does Murano (MRNO) hold?: Murano holds 21 BTC, worth 1.61M USD at current prices. Its most recent purchase was 21 BTC on Jul 7, 2025.

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