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Solana Crypto Treasury Companies: Aggregate SOL Holdings

Equity market data sourced from [Polygon](polygon.io).

Solana Treasury Companies: Trading Volume

Solana Treasury Companies: Market Cap

Share of supply represents the share of the total SOL supply held by the Company.

Solana Treasury Companies: SOL Holdings by Company

Solana Treasury Companies: Shares of Common Stock

Based on shares outstanding, not fully diluted

Solana Treasury Companies: SOL per Share

**mNAV (Outstanding)**: The Company's market cap divided by the value of crypto asset holdings. Often called *Basic mNAV*, it is the most simplistic way to track the multiple the company trades at relative to its crypto assets held. 

This figure can be calculated using either the market capitalization or the Enterprise Value (EV). Some Companies may hold a considerable amount of cash that has not yet been deployed into crypto, which the EV calculation highlights. EV is determined as the market cap, plus debt, less cash, plus preferred equity.

Based on shares outstanding

Solana Treasury Companies: Outstanding mNAV

**mNAV (Fully Diluted)**: The Company's fully diluted market cap divided by the value of crypto asset holdings. In addition to outstanding shares, the fully diluted mNAV also accounts for shares that may be issued via warrants (e.g., pre-funded or stapled), RSUs, stock options, or convertible debt. 

This figure can be calculated using either the market capitalization or the enterprise value. Some Companies may hold a considerable amount of cash that has not yet been deployed into crypto, which the EV calculation highlights. EV is determined as the market cap, plus debt, less cash, plus preferred equity.

Based on fully diluted shares

Solana Treasury Companies: Fully Diluted mNAV

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Solana Crypto Treasury Companies: Aggregate SOL Holdings

Solana Treasury Companies: SOL Holdings by Company

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