Aker ASA (AKER) — Market Cap vs Bitcoin NAV
Aker ASA (AKER) currently trades at a market cap vs Bitcoin NAV ratio of 196x, which means the market values the company at 19476.2% premium to the underlying Bitcoin holdings. With 754 Bitcoin on its balance sheet worth $47,285,840 at the live spot price, and a market capitalisation of $9,256,771,728, AKER holds rank #9 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How AKER's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for Aker ASA is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin holdings and the live Bitcoin spot price. For AKER today the inputs are a market cap of $9,256,771,728, 754 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 196x quantifies how much premium (or premium, when above 1.0x) the equity market is assigning to AKER beyond the value of the underlying Bitcoin treasury. A ratio above 1.0x means the company is trading at a premium to the value of its Bitcoin stash; below 1.0x means a discount. The number does not account for operating businesses, capital structure, debt, preferred shares, or other liabilities that sit between common shareholders and the underlying Bitcoin.
What 196x Means for Aker ASA Shareholders
Aker ASA's ratio of 196x places the stock at a 19476.2% premium to its Bitcoin NAV. When investors pay a premium for a Bitcoin treasury equity, the additional value typically reflects the company's operating business, ability to issue new shares accretively, exposure to future Bitcoin acquisition, or simply the convenience of holding Bitcoin exposure inside a regulated equity wrapper. Premiums can compress quickly if dilution accelerates or if the underlying Bitcoin acquisition slows. The ratio is one input among several; capital structure, debt obligations, share class differences, and operating cash flow all influence what shareholders actually receive per share of AKER.
AKER vs Other Bitcoin Treasury Companies
How AKER compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | COMPANY | HQ | RATIO |
|---|---|---|---|---|
| 7 | FIGR | Figure Technology Solutions, Inc | 🇺🇸 | 227x |
| 8 | CORZ | Core Scientific | 🇺🇸 | 199x |
| 9 | AKER | Aker ASA | 🇳🇴 | 196x |
| 10 | RUM | Rumble Inc. | 🇨🇦 | 158x |
| 11 | 3659 | NEXON Co., Ltd. | 🇯🇵 | 104x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Frequently Asked Questions
What is Aker ASA (AKER)'s market cap vs Bitcoin NAV ratio?
Aker ASA trades at a market cap vs Bitcoin NAV ratio of 196x, calculated as its market capitalisation of $9,256,771,728 divided by the value of its 754 BTC holdings ($47,285,840 at the current Bitcoin spot price). This represents a 19476.2% premium to the underlying Bitcoin NAV.
Why is AKER trading at a premium to its Bitcoin NAV?
premium values reflect the market's view of Aker ASA beyond its Bitcoin holdings alone. A premium typically indicates investors are paying extra for the company's operating business, capital structure access, optionality on future Bitcoin accumulation, or the convenience of equity exposure to BTC.
How often is AKER's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for AKER refreshes every five minutes during European and US market hours. Bitcoin spot price is sourced from Coinbase live, market capitalisation is recalculated from the latest available share count multiplied by the current stock price, and BTC holdings are taken from the most recent disclosed figure in Aker ASA's SEC or primary-source filings.