POP Culture Group Co., Ltd. (CPOP) — Market Cap vs Bitcoin NAV
POP Culture Group Co., Ltd. (CPOP) currently trades at a market cap vs Bitcoin NAV ratio of 0.37x, which means the market values the company at 63.4% discount to the underlying Bitcoin holdings. With 300 Bitcoin on its balance sheet worth $18,813,994 at the live spot price, and a market capitalisation of $6,882,960, CPOP holds rank #68 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How CPOP's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for POP Culture Group Co., Ltd. is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin holdings and the live Bitcoin spot price. For CPOP today the inputs are a market cap of $6,882,960, 300 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 0.37x quantifies how much discount (or premium, when above 1.0x) the equity market is assigning to CPOP 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 0.37x Means for POP Culture Group Co., Ltd. Shareholders
POP Culture Group Co., Ltd.'s ratio of 0.37x places the stock at a 63.4% 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 CPOP.
CPOP vs Other Bitcoin Treasury Companies
How CPOP compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | COMPANY | HQ | RATIO |
|---|---|---|---|---|
| 66 | BTCT | Bitcoin Treasury Corp | 🇨🇦 | 0.45x |
| 67 | BRR | ProCap Financial | 🇺🇸 | 0.41x |
| 68 | CPOP | POP Culture Group Co., Ltd. | 🇨🇳 | 0.37x |
| 69 | 3189 | Anap Holdings Inc. | 🇯🇵 | 0.35x |
| 70 | NAKA | Nakamoto Inc | 🇺🇸 | 0.24x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Frequently Asked Questions
What is POP Culture Group Co., Ltd. (CPOP)'s market cap vs Bitcoin NAV ratio?
POP Culture Group Co., Ltd. trades at a market cap vs Bitcoin NAV ratio of 0.37x, calculated as its market capitalisation of $6,882,960 divided by the value of its 300 BTC holdings ($18,813,994 at the current Bitcoin spot price). This represents a 63.4% discount to the underlying Bitcoin NAV.
Why is CPOP trading at a discount to its Bitcoin NAV?
discount values reflect the market's view of POP Culture Group Co., Ltd. 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 CPOP's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for CPOP 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 POP Culture Group Co., Ltd.'s SEC or primary-source filings.