Public-company Bitcoin treasuries

Name: CoinBucha Bitcoin signals
License: https://coinbucha.com/methodology

175 public companies hold 1,279,883 BTC (~6.09% of BTC market cap). As of 2026-07-12.

Company	BTC held	mNAV
StrategyMSTR.US	843,775	0.614×
XXIXXI.US	43,514	n/a
Metaplanet3350.T	43,000	0.716×
MARA HoldingsMARA.US	35,303	2.130×
Bitcoin Standard Treasury CompanyCEPO.US	30,021	n/a

Corporate-treasury signal →mNAV, explained →Sovereign Bitcoin →

BTC counts from the CoinGecko public-company treasury dataset; mNAV computed from maintained, sourced share counts against a live BTC price. Observable ratios only — not valuation judgements or advice. Machine-readable: coinbucha.com/treasury.json.