Corporate Bitcoin treasuries
1,285,045 BTC held by public companies · signal strength 56/100 (tailwind). As of 2026-07-25.
179 public companies hold ~1,285,045 BTC (top: Strategy, 843,775 BTC). Corporate treasury accumulation is structural institutional demand; the trend strengthens as history accrues. Strategy (MSTR) trades at an observable ~0.593x mNAV — its equity value vs the value of its 843,775 BTC (quote 2026-07-24); reported as a number only, not a valuation judgement.
- 30-day change
- +0.42%
- Public companies
- 179
- Top holder
- Strategy (843,775 BTC)
Treasury-premium cohort — observable mNAV
| # | Company | mNAV | BTC held | Market cap | Quote |
|---|---|---|---|---|---|
| 1 | MARA HoldingsMARA.US | 2.042×premium | 35,303 | $4.62B | Yahoo Finance · 2026-07-24 |
| 2 | Metaplanet3350.T | 0.632×discount | 43,000 | $1.74B | Yahoo Finance · 2026-07-24 |
| 3 | StrategyMSTR.US | 0.593×discount | 843,775 | $32.07B | Yahoo Finance · 2026-07-24 |
mNAV = equity market cap ÷ value of BTC held. Above 1× = equity trades at a premium to its BTC NAV; below 1× = a discount. Observable ratio only — not a valuation judgement or advice. Non-USD market caps are FX-converted to USD. BTC counts are live from CoinGecko; shares outstanding are maintained, sourced constants. Any name that cannot be priced shows n/a (never estimated).
Cohort as of 2026-07-25 · 3/3 priced this run.
Read the explainer on what mNAV is and how to read a premium or discount as an observable ratio — not a valuation call — including the ~0.99–1.80× range and why trackers disagree.
By company
“Corporate treasuries turn balance sheets into standing demand; each quarter more CFOs treat BTC as a reserve asset.”
This signal feeds the daily digest: CoinBucha Daily Brew →
How this is computed: methodology. Machine-readable: coinbucha.com/signals.json · MCP /api/mcp. Information, not financial advice.