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Track trading volume, net asset value (NAV), financial metrics, and key risk measures for crypto treasury companies. 

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

Includes MSTR

Bitcoin Crypto Treasury Companies: BTC Holdings

Bitcoin Treasury Companies: Trading Volume

Note: For companies with pending mergers, the market cap and mNAV metrics may not accurately represent the soon-to-be merged entity. This includes CEP and CEPO.

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

Bitcoin Treasury Companies: Market Cap

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

Bitcoin Treasury Companies: BTC Holdings by Company

Bitcoin Treasury Companies: Shares of Common Stock

Based on shares outstanding, not fully diluted

Bitcoin Treasury Companies: BTC 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

Bitcoin 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

Bitcoin Treasury Companies: Fully Diluted mNAV

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Treasury Companies: Bitcoin

Bitcoin Crypto Treasury Companies: BTC Holdings

Bitcoin Treasury Companies: BTC Holdings by Company

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