Boyaa Interactive International Limited (0434) — Market Cap vs Bitcoin NAV
Boyaa Interactive International Limited (0434) currently trades at a market cap vs Bitcoin NAV ratio of 0.70x, which means the market values the company at 29.9% discount to the underlying Bitcoin holdings. With 4,091 Bitcoin on its balance sheet worth $256,560,172 at the live spot price, and a market capitalisation of $179,957,261, 0434 holds rank #56 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How 0434's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for Boyaa Interactive International Limited is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin holdings and the live Bitcoin spot price. For 0434 today the inputs are a market cap of $179,957,261, 4,091 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 0.70x quantifies how much discount (or premium, when above 1.0x) the equity market is assigning to 0434 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 0.70x Means for Boyaa Interactive International Limited Shareholders
Boyaa Interactive International Limited's ratio of 0.70x places the stock at a 29.9% discount to its Bitcoin NAV. Discounts to Bitcoin NAV typically reflect concerns that common shareholders may not capture the full value of the underlying Bitcoin. Common causes include senior debt and preferred share claims that sit above common stock in the capital structure, dilution risk from at-the-market equity programs, operating losses that consume Bitcoin holdings, or simply low trading liquidity that prevents the equity from pricing efficiently to NAV. 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 0434.
0434 vs Other Bitcoin Treasury Companies
How 0434 compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | COMPANY | HQ | RATIO |
|---|---|---|---|---|
| 54 | SATS | Satsuma Technology | 🇬🇧 | 0.75x |
| 55 | SIX | Sixty-Six Capital Inc | 🇨🇦 | 0.71x |
| 56 | 0434 | Boyaa Interactive International Limited | 🇭🇰 | 0.70x |
| 57 | XXI | Twenty One Capital | 🇺🇸 | 0.69x |
| 58 | ZOOZ | ZOOZ Power | 🇮🇱 | 0.68x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Frequently Asked Questions
What is Boyaa Interactive International Limited (0434)'s market cap vs Bitcoin NAV ratio?
Boyaa Interactive International Limited trades at a market cap vs Bitcoin NAV ratio of 0.70x, calculated as its market capitalisation of $179,957,261 divided by the value of its 4,091 BTC holdings ($256,560,172 at the current Bitcoin spot price). This represents a 29.9% discount to the underlying Bitcoin NAV.
Why is 0434 trading at a discount to its Bitcoin NAV?
discount values reflect the market's view of Boyaa Interactive International Limited beyond its Bitcoin holdings alone. A discount can reflect concerns about dilution risk, debt obligations senior to common shareholders, operating losses, or limited liquidity in the underlying stock.
How often is 0434's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for 0434 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 Boyaa Interactive International Limited's SEC or primary-source filings.