HIVE Digital Technologies (HIVE) — Market Cap vs Bitcoin NAV
HIVE Digital Technologies (HIVE) currently trades at a market cap vs Bitcoin NAV ratio of 92.11x, which means the market values the company at 9110.9% premium to the underlying Bitcoin-innehav. With 150 Bitcoin on its balance sheet worth $9,406,997 at the live spot price, and a market capitalisation of $866,473,200, HIVE holds rank #12 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How HIVE's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for HIVE Digital Technologies is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin-innehav and the live Bitcoin spot price. For HIVE today the inputs are a market cap of $866,473,200, 150 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 92.11x quantifies how much premium (or premium, when above 1.0x) the equity market is assigning to HIVE 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 92.11x Means for HIVE Digital Technologies Shareholders
HIVE Digital Technologies's ratio of 92.11x places the stock at a 9110.9% 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 HIVE.
HIVE vs Other Bitcoin Treasury Companies
How HIVE compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | BOLAG | HUVUDKONTOR | KVOT |
|---|---|---|---|---|
| 10 | RUM | Rumble Inc. | 🇨🇦 | 158x |
| 11 | 3659 | NEXON Co., Ltd. | 🇯🇵 | 104x |
| 12 | HIVE | HIVE Digital Technologies | 🇨🇦 | 92.11x |
| 13 | CIFR | Cipher Mining | 🇺🇸 | 87.14x |
| 14 | ARLP | Alliance Resource Partners, L.P. | 🇺🇸 | 79.04x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Vanliga fragor
What is HIVE Digital Technologies (HIVE)'s market cap vs Bitcoin NAV ratio?
HIVE Digital Technologies trades at a market cap vs Bitcoin NAV ratio of 92.11x, calculated as its market capitalisation of $866,473,200 divided by the value of its 150 BTC holdings ($9,406,997 at the current Bitcoin spot price). This represents a 9110.9% premium to the underlying Bitcoin NAV.
Why is HIVE trading at a premium to its Bitcoin NAV?
premium values reflect the market's view of HIVE Digital Technologies beyond its Bitcoin-innehav 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 HIVE's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for HIVE 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 HIVE Digital Technologies's SEC or primary-source filings.