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 0.77x, which means the market values the company at 23.3% discount to the underlying Bitcoin-innehav. With 4,201 Bitcoin on its balance sheet worth $339,852,855 at the live spot price, and a market capitalisation of $260,753,184, 0434 holds rank #56 of 68 tracked Bitcoin treasury companies by this metric on HodlingBTC.

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-innehav and the Bitcoin spot price. At the last update the inputs for 0434 were a market cap of $260,753,184, 4,201 BTC, and a Bitcoin spot price of 80,898. The resulting ratio of 0.77x 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.

Boyaa Interactive International Limited's ratio of 0.77x places the stock at a 23.3% 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-innehav, 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.

How 0434 compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's tracker:

See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.