Overview

Market Data

Crypto Holdings

Bitcoin

Ethereum

Solana

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

Includes: BMNR, BTCM, BTBT, BTCS, CCCM, CEP, CEPO, CYFRF, DFDV, DYNX, GAME, HYPD, LGHL, MBAV, MCVT, MSTR, NAKA, NVVE, SBET, SMLR, SONN, SQNS, UPXI, VVPR, WETO, and WGRX.

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

Crypto Treasury Companies: Aggregate Trading Volume

Includes: BMNR, BTBT, BTCS, CEP, CEPO, CYFRF, DFDV, DYNX, GAME, HYPD, MSTR, SBET, SMLR, SQNS, and UPXI.

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

Net asset value of crypto holdings

Crypto Treasury Companies: Aggregate NAV

Asterisk notes pending merger where market data may not yet be public.

### Market Data
* **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. 

* **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 both the market cap and 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. 


Data refreshes daily at 5pm ET

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Crypto Treasury Companies: Aggregate NAV

Crypto Treasury Companies: Aggregate Trading Volume

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