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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).

BMNR, SBET, ETHM, BTBT, ETHZ, BTCS, FGNX, and GAME

Ethereum Crypto Treasury Companies: Aggregate ETH Holdings

Ethereum 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 DYNX.

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

Ethereum Treasury Companies: Market Cap

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

Ethereum Treasury Companies: ETH Holdings by Company

Ethereum Treasury Companies: Shares of Common Stock

Based on shares outstanding, not fully diluted

Ethereum Treasury Companies: ETH 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

Ethereum 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

Ethereum Treasury Companies: Fully Diluted mNAV

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Treasury Companies: Ethereum

Ethereum Crypto Treasury Companies: Aggregate ETH Holdings

Ethereum Treasury Companies: ETH Holdings by Company

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