Nakamoto Inc (NAKA) — Market Cap vs Bitcoin NAV
Nakamoto Inc (NAKA) currently trades at a market cap vs Bitcoin NAV ratio of 0.24x, which means the market values the company at 76.0% discount to the underlying Bitcoin-innehav. With 4,467 Bitcoin on its balance sheet worth $280,140,378 at the live spot price, and a market capitalisation of $67,164,000, NAKA holds rank #70 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How NAKA's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for Nakamoto Inc is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin-innehav and the live Bitcoin spot price. For NAKA today the inputs are a market cap of $67,164,000, 4,467 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 0.24x quantifies how much discount (or premium, when above 1.0x) the equity market is assigning to NAKA 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 0.24x Means for Nakamoto Inc Shareholders
Nakamoto Inc's ratio of 0.24x places the stock at a 76.0% 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 NAKA.
NAKA vs Other Bitcoin Treasury Companies
How NAKA compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | BOLAG | HUVUDKONTOR | KVOT |
|---|---|---|---|---|
| 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.
Vanliga fragor
What is Nakamoto Inc (NAKA)'s market cap vs Bitcoin NAV ratio?
Nakamoto Inc trades at a market cap vs Bitcoin NAV ratio of 0.24x, calculated as its market capitalisation of $67,164,000 divided by the value of its 4,467 BTC holdings ($280,140,378 at the current Bitcoin spot price). This represents a 76.0% discount to the underlying Bitcoin NAV.
Why is NAKA trading at a discount to its Bitcoin NAV?
discount values reflect the market's view of Nakamoto Inc beyond its Bitcoin-innehav 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 NAKA's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for NAKA 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 Nakamoto Inc's SEC or primary-source filings.