K33 AB (K33) — Market Cap vs Bitcoin NAV
K33 AB (K33) currently trades at a market cap vs Bitcoin NAV ratio of 2.86x, which means the market values the company at 186.2% premium to the underlying Bitcoin holdings. With 168 Bitcoin on its balance sheet worth $13,590,878 at the live spot price, and a market capitalisation of $38,898,686, K33 holds rank #33 of 68 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How K33's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for K33 AB is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin holdings and the Bitcoin spot price. At the last update the inputs for K33 were a market cap of $38,898,686, 168 BTC, and a Bitcoin spot price of 80,898. The resulting ratio of 2.86x quantifies how much premium (or premium, when above 1.0x) the equity market is assigning to K33 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 2.86x Means for K33 AB Shareholders
K33 AB's ratio of 2.86x places the stock at a 186.2% 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 K33.
K33 vs Other Bitcoin Treasury Companies
How K33 compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's tracker:
| # | TICKER | COMPANY | HQ | RATIO |
|---|---|---|---|---|
| 31 | BLSH | Bullish | 🇺🇸 | 3.12x |
| 32 | SRAG | Samara Asset Group | 🇲🇹 | 2.99x |
| 33 | K33 | K33 AB | 🇳🇴 | 2.86x |
| 34 | CLSK | CleanSpark, Inc. | 🇺🇸 | 2.84x |
| 35 | DJT | Trump Media & Technology Group Corp. | 🇺🇸 | 2.73x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Frequently Asked Questions
What is K33 AB (K33)'s market cap vs Bitcoin NAV ratio?
K33 AB trades at a market cap vs Bitcoin NAV ratio of 2.86x, calculated as its market capitalisation of $38,898,686 divided by the value of its 168 BTC holdings ($13,590,878 at the last recorded Bitcoin spot price). This represents a 186.2% premium to the underlying Bitcoin NAV.
Why is K33 trading at a premium to its Bitcoin NAV?
premium values reflect the market's view of K33 AB 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 K33's market cap vs Bitcoin NAV updated on HodlingBTC?
The figures on this page are a snapshot, recalculated a few times each trading day rather than quoted live. Bitcoin spot price is sourced from Coinbase, market capitalisation from the latest available share count multiplied by the most recent stock price, and BTC holdings from the most recent disclosed figure in K33 AB's SEC or primary-source filings.