Bitcoin Treasury Dashboard

Compare ownership and equity-only valuation with dated company sources, workbook baselines and Bitcoin price scenarios. Stock quotes are verified snapshots, not a live feed.

Bitcoin Treasury & Capital Efficiency

Defaults to live Bitcoin price plus the latest verified company disclosures, so dates are mixed. Strategy and Strive prices (and Strive's share count) were updated from issuer site cards on Oct 15, 4:04 p.m. ET; other stock quotes remain Oct 12 captures and are not refreshed. The workbook baseline is dated Sep 24, 2026 (cell C5; the file name says Oct 12) — a compile date, not a share-count as-of date.

Company inputs

Each field keeps its own date and source. Unverified prices remain dated stale snapshots; filing cover counts stay separate unless their current basic-share basis is confirmed.

Bitcoin price

Coinbase BTC-USD spot, refreshed every 15 min. Loading… Live price unavailable; using workbook $85,000.

SEC checks: Checking disclosures… Cloud is off; no scheduled refresh. Stock quotes are not a live feed; dates and limitations below.

11 USD Nasdaq quotes captured Oct 12 at 12:42 p.m. PDT; MTPLF USD quote is unverified and retains Sep 24. No recurring Nasdaq feed is enabled; public access does not establish redistribution permission.

Compare

Scale
Bitcoin metricsMSTR referenceEquity metricsEthereum / BMNRmNAV

BMNR: blue values represent ETH only; Bitcoin-column labels apply to the BTC rows.

BTC-only comparison; BMNR's ETH units are excluded. Choose an ETH metric to compare Ethereum separately.

  • MSTR (pre-forward split)2,009,023
  • MSTR200,902
  • ASST29,677
  • NAKA24,962
  • MTPLF3,410
  • ASST (pre-reverse split)1,484
  • NAKA (pre-reverse split)624

Treasury companies

Bitcoin treasury companies, sortable
Sources
MSTRStrategy848,517$72.12B497.81.00×10.0×5,856$151.29422,353,000$63.90B6,6101.00×4.91×10.0×200,9020.886
MTPLFMetaplanet44,000$3.74B29,324.458.9×589.1×344,993$1.641,290,274,296$2.12B609,75692.2×453.3×922.5×3,4100.566
ASSTStrive36,818$3.13B3,369.76.77×67.7×39,643$25.64124,064,126$3.18B39,0025.90×29.0×59.0×29,6771.016
NAKANakamoto4,467$379.7M4,006.08.05×80.5×47,130$8.2917,894,943$148.3M120,62718.2×89.7×182.5×24,9620.391
Ownership
Bitcoin treasury companies, sortable — Ownership
Sources
MSTRStrategy848,517497.81.00×10.0×422,353,000200,902
MTPLFMetaplanet44,00029,324.458.9×589.1×1,290,274,2963,410
ASSTStrive36,8183,369.76.77×67.7×124,064,12629,677
NAKANakamoto4,4674,006.08.05×80.5×17,894,94324,962
Valuation
Bitcoin treasury companies, sortable — Valuation
Sources
MSTRStrategy$72.12B5,856$151.29$63.90B6,6101.00×4.91×10.0×0.886
MTPLFMetaplanet$3.74B344,993$1.64$2.12B609,75692.2×453.3×922.5×0.566
ASSTStrive$3.13B39,643$25.64$3.18B39,0025.90×29.0×59.0×1.016
NAKANakamoto$379.7M47,130$8.29$148.3M120,62718.2×89.7×182.5×0.391
  • MSTRStrategy
    BTC held
    848,517
    Shares / BTC
    497.8
    Shares/BTC ÷ MSTR
    1.00×
    Shares/BTC ÷ pre-split MSTR
    10.0×
    Basic shares
    422,353,000
    Sats / share
    200,902
  • MTPLFMetaplanet
    BTC held
    44,000
    Shares / BTC
    29,324.4
    Shares/BTC ÷ MSTR
    58.9×
    Shares/BTC ÷ pre-split MSTR
    589.1×
    Basic shares
    1,290,274,296
    Sats / share
    3,410
  • ASSTStrive
    BTC held
    36,818
    Shares / BTC
    3,369.7
    Shares/BTC ÷ MSTR
    6.77×
    Shares/BTC ÷ pre-split MSTR
    67.7×
    Basic shares
    124,064,126
    Sats / share
    29,677
  • NAKANakamoto
    BTC held
    4,467
    Shares / BTC
    4,006.0
    Shares/BTC ÷ MSTR
    8.05×
    Shares/BTC ÷ pre-split MSTR
    80.5×
    Basic shares
    17,894,943
    Sats / share
    24,962

Split illustrations (same companies, not separate)

Pre-split views of Strategy, Strive and Nakamoto
Sources
ASSTStrive, pre-reverse-split view · 20 shares became 136,818$3.13B67,393.2135.4×1353.9×792,861$1.2822,481,282,520$3.18B780,031118.0×579.9×1180.1×1,4841.016
NAKANakamoto, pre-reverse-split view · 40 shares became 14,467$379.7M160,241.3321.9×3219.3×1,885,191$0.207715,797,720$148.3M4,825,090730.0×3586.9×7299.9×6240.391
MSTRStrategy, pre-forward-split view · 1 share became 10848,517$72.12B49.80.10×1.00×586$1,512.9042,235,300$63.90B6610.10×0.49×1.00×2,009,0230.886
Ownership
Pre-split views of Strategy, Strive and Nakamoto — Ownership
Sources
ASSTStrive, pre-reverse-split view · 20 shares became 136,81867,393.2135.4×1353.9×2,481,282,5201,484
NAKANakamoto, pre-reverse-split view · 40 shares became 14,467160,241.3321.9×3219.3×715,797,720624
MSTRStrategy, pre-forward-split view · 1 share became 10848,51749.80.10×1.00×42,235,3002,009,023
Valuation
Pre-split views of Strategy, Strive and Nakamoto — Valuation
Sources
ASSTStrive, pre-reverse-split view · 20 shares became 1$3.13B792,861$1.282$3.18B780,031118.0×579.9×1180.1×1.016
NAKANakamoto, pre-reverse-split view · 40 shares became 1$379.7M1,885,191$0.207$148.3M4,825,090730.0×3586.9×7299.9×0.391
MSTRStrategy, pre-forward-split view · 1 share became 10$72.12B586$1,512.90$63.90B6610.10×0.49×1.00×0.886
  • ASSTStrive, pre-reverse-split view · 20 shares became 1
    BTC held
    36,818
    Shares / BTC
    67,393.2
    Shares/BTC ÷ MSTR
    135.4×
    Shares/BTC ÷ pre-split MSTR
    1353.9×
    Basic shares
    2,481,282,520
    Sats / share
    1,484
  • NAKANakamoto, pre-reverse-split view · 40 shares became 1
    BTC held
    4,467
    Shares / BTC
    160,241.3
    Shares/BTC ÷ MSTR
    321.9×
    Shares/BTC ÷ pre-split MSTR
    3219.3×
    Basic shares
    715,797,720
    Sats / share
    624
  • MSTRStrategy, pre-forward-split view · 1 share became 10
    BTC held
    848,517
    Shares / BTC
    49.8
    Shares/BTC ÷ MSTR
    0.10×
    Shares/BTC ÷ pre-split MSTR
    1.00×
    Basic shares
    42,235,300
    Sats / share
    2,009,023

Workbook rows 11 and 14 restate Strive and Nakamoto on a pre-reverse-split basis: share count × ratio, price ÷ ratio. The Strategy row restates today's selected snapshot in pre-forward-split units (its 10-for-1 split: record date Aug 1 2024, distributed after the close Aug 7, split-adjusted trading from Aug 8): share count ÷ 10, price × 10. It is not Strategy's actual August 2024 price or holdings. In both directions, equity cap, BTC value and mNAV are identical to the post-split rows; per-share measures change only because the share unit changed. Ratios still divide by the actual current MSTR and META rows.

Benchmarks: MAG 7 + Netflix + Berkshire Hathaway + BMNR (ETH)

BMNR: blue values represent ETH only; Bitcoin-column labels apply to the BTC rows.

Benchmark companies, asset-aware, sortable; Berkshire class representations are the same company
Sources
NVDANVIDIA——————$226.6724,147,000,000$5.47T4,4120.67×3.28×6.67×——
AAPLApple——————$341.0914,594,180,000$4.98T2,9320.44×2.18×4.44×——
MSFTMicrosoft——————$539.927,425,545,491$4.01T1,8520.28×1.38×2.80×——
GOOGLAlphabet——————$353.1812,230,000,000$4.32T2,8310.43×2.10×4.28×——
METAMeta——————$743.392,547,506,225$1.89T1,3450.20×1.00×2.04×——
NFLXNetflix——————$70.764,163,939,676$294.62B14,1332.14×10.5×21.4×——
TSLATesla11,509$978.3M343,170.3689.4×6894.4×4,037,298$377.803,949,547,394$1.49T2,6470.40×1.97×4.00×2911525.291
AMZNAmazon——————$259.3410,786,313,572$2.80T3,8560.58×2.87×5.83×——
BRK.ABerkshire Hathaway · A-equivalent (same company)——————$798,0001,427,140$1.14T1.2530.00019×0.00093×0.00190×——
BRK.BBerkshire Hathaway · B-equivalent (same company)——————$532.022,140,710,161$1.14T1,8800.28×1.40×2.84×——
BMNRBitmine · Ethereum treasury6,028,946ETH held$15.34BETH value100.1Shares / ETH——39,330Shares / $1M ETH value$21.66603,226,394$13.07B46,1686.98×34.3×69.8×0.009994ETH / share—
Ownership
Benchmark companies, asset-aware, sortable; Berkshire class representations are the same company — Ownership
Sources
NVDANVIDIA————24,147,000,000—
AAPLApple————14,594,180,000—
MSFTMicrosoft————7,425,545,491—
GOOGLAlphabet————12,230,000,000—
METAMeta————2,547,506,225—
NFLXNetflix————4,163,939,676—
TSLATesla11,509343,170.3689.4×6894.4×3,949,547,394291
AMZNAmazon————10,786,313,572—
BRK.ABerkshire Hathaway · A-equivalent (same company)————1,427,140—
BRK.BBerkshire Hathaway · B-equivalent (same company)————2,140,710,161—
BMNRBitmine · Ethereum treasury6,028,946ETH held100.1Shares / ETH——603,226,3940.009994ETH / share
Valuation
Benchmark companies, asset-aware, sortable; Berkshire class representations are the same company — Valuation
Sources
NVDANVIDIA——$226.67$5.47T4,4120.67×3.28×6.67×—
AAPLApple——$341.09$4.98T2,9320.44×2.18×4.44×—
MSFTMicrosoft——$539.92$4.01T1,8520.28×1.38×2.80×—
GOOGLAlphabet——$353.18$4.32T2,8310.43×2.10×4.28×—
METAMeta——$743.39$1.89T1,3450.20×1.00×2.04×—
NFLXNetflix——$70.76$294.62B14,1332.14×10.5×21.4×—
TSLATesla$978.3M4,037,298$377.80$1.49T2,6470.40×1.97×4.00×1525.291
AMZNAmazon——$259.34$2.80T3,8560.58×2.87×5.83×—
BRK.ABerkshire Hathaway · A-equivalent (same company)——$798,000$1.14T1.2530.00019×0.00093×0.00190×—
BRK.BBerkshire Hathaway · B-equivalent (same company)——$532.02$1.14T1,8800.28×1.40×2.84×—
BMNRBitmine · Ethereum treasury$15.34BETH value39,330Shares / $1M ETH value$21.66$13.07B46,1686.98×34.3×69.8×—
  • NVDANVIDIA
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    24,147,000,000
    Sats / share
    —
  • AAPLApple
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    14,594,180,000
    Sats / share
    —
  • MSFTMicrosoft
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    7,425,545,491
    Sats / share
    —
  • GOOGLAlphabet
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    12,230,000,000
    Sats / share
    —
  • METAMeta
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    2,547,506,225
    Sats / share
    —
  • NFLXNetflix
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    4,163,939,676
    Sats / share
    —
  • TSLATesla
    BTC held
    11,509
    Shares / BTC
    343,170.3
    Shares/BTC ÷ MSTR
    689.4×
    Shares/BTC ÷ pre-split MSTR
    6894.4×
    Basic shares
    3,949,547,394
    Sats / share
    291
  • AMZNAmazon
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    10,786,313,572
    Sats / share
    —
  • BRK.ABerkshire Hathaway · A-equivalent (same company)
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    1,427,140
    Sats / share
    —
  • BRK.BBerkshire Hathaway · B-equivalent (same company)
    BTC held
    —
    Shares / BTC
    —
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    2,140,710,161
    Sats / share
    —
  • BMNRBitmine · Ethereum treasury
    BTC held
    6,028,946ETH held
    Shares / BTC
    100.1Shares / ETH
    Shares/BTC ÷ MSTR
    —
    Shares/BTC ÷ pre-split MSTR
    —
    Basic shares
    603,226,394
    Sats / share
    0.009994ETH / share

BRK.A and BRK.B are two economic-equivalent share units of one company, not two company values to add. Both use the same cap from July 29 actual class counts × October 16 class quotes. BMNR uses July 9 basic shares, Oct 11 ETH holdings/reference and Oct 16 close — mixed dates, not current synchronized NAV. It also reports 214 BTC and $612M cash/marketables. Bitcoin mNAV and BTC-relative ownership ratios stay — for BMNR; no ETH mNAV is substituted. Supplemental benchmarks retain their own dates in both input modes; they were not in the workbook.

Automated checks (run when the page is opened, cached up to 24 h)
BTC holdings from latest SEC 8-K filings

Checking SEC filings…

  • MTPLF — September 30 holdings and common shares verified from TDnet/EDINET PDFs in this review; recurring Japanese disclosure parsing remains pending.

A newer figure replaces the one shown only if it parses cleanly and is dated later. Strategy's Oct 11 figure retains the prior manual press-release read; this review's re-read was blocked. The accessible 8-K confirms Oct 4. If a later-dated 8-K appears, the automated check takes over.

Latest filing-reported share counts (10-Q/10-K cover) — shown for reference, not substituted

These are often older than the workbook's figures; the workbook date is when it was compiled, so neither is assumed newer.

Checking SEC covers…

TickerSharesAs ofClassesStatus

Dates & sources in use

Review day: 2026-10-15 · America/Los_Angeles. A check today does not make an older disclosure current. Workbook prices are stale; workbook share dates are unverified.

CompanyUSD priceBTC holdingsBasic shares
MSTR

$151.29 · Oct 15, 2026, 1:04 PM PDT

Latest verified quote; not a live stock feed

Strategy.com issuer price card (manual read)

MSTR share price shown on issuer site card, USD

Read Oct 15, 2026, 1:04 PM PDT

Issuer card; provider delay not stated

848,517 · Oct 18, 2026

Latest verified disclosure; not a live count

Strategy Form 8-K dated October 19, 2026 (BTC Update)

Aggregate BTC holdings, 4:00 p.m. ET

Read Oct 19, 2026, 7:40 AM PDT

422,353,000 · Oct 18, 2026

Latest verified disclosure; not a live count

Strategy shares table, October 18, 2026 column (read October 19)

Issuer Basic Shares Outstanding: Class A + B, including pending issuance as defined in footnote 2; not ADSO/FDSO

Read Oct 19, 2026, 7:40 AM PDT

MTPLF

$1.64 · Sep 24, 2026

Stale workbook snapshot

Workbook K10

Share price, USD (workbook GOOGLEFINANCE cache)

Delay not verified; no live stock feed

44,000 · Sep 30, 2026

Latest verified disclosure; not a live count

Metaplanet TDnet / JPX disclosure, October 5, 2026

Group total Bitcoin holdings, Q3 period end

Read Oct 12, 2026, 12:45 PM PDT

1,290,274,296 · Oct 14, 2026

Manual post-buyback estimate — not issuer-reported total; not an issuer-reported total

Manual post-buyback estimate: Metaplanet TDnet disclosures of October 13 and October 14, 2026

Post-buyback estimate: Sep 30 common shares excluding treasury, less ToSTNeT-3 repurchase executed Oct 14

Read Oct 14, 2026

ASST

$25.64 · Oct 15, 2026, 1:04 PM PDT

Latest verified quote; not a live stock feed

Strive.com/treasury issuer price card (manual read)

ASST share price shown on issuer treasury card, USD

Read Oct 15, 2026, 1:04 PM PDT

Issuer card; provider delay not stated

36,818 · Oct 16, 2026

Latest verified disclosure; not a live count

Strive Form 8-K dated October 19, 2026 (capital table as of October 16)

Bitcoin held

Read Oct 19, 2026, 7:40 AM PDT

124,064,126 · Oct 16, 2026

Latest verified disclosure; not a live count

Strive Form 8-K dated October 19, 2026 (capital table as of October 16)

Effective common shares: Class A 114,847,610 + Class B 9,216,516, including shares sold pending issuance per filing footnote; not diluted

Read Oct 19, 2026, 7:40 AM PDT

NAKA

$8.29 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GM USD last sale, NAKA quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

4,467 · Jun 30, 2026

Latest verified disclosure; not a live count

SEC 10-Q filed August 13, 2026

Digital assets held, units of Bitcoin, June 30 quarter end

Read Oct 12, 2026, 12:42 PM PDT

17,894,943 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L13

Basic shares outstanding (workbook), post 40:1 reverse split

NVDA

$226.67 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, NVDA quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D19

BTC held (workbook)

24,147,000,000 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L19

Shares outstanding (workbook)

AAPL

$341.09 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, AAPL quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D20

BTC held (workbook)

14,594,180,000 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L20

Shares outstanding (workbook)

MSFT

$539.92 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, MSFT quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D21

BTC held (workbook)

7,425,545,491 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L21

Shares outstanding (workbook)

GOOGL

$353.18 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, GOOGL quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D22

BTC held (workbook)

12,230,000,000 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L22

Shares outstanding (workbook)

META

$743.39 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, META quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D23

BTC held (workbook)

2,547,506,225 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L23

Shares outstanding (workbook)

NFLX

$70.76 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, NFLX quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D24

BTC held (workbook)

4,163,939,676 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L24

Shares outstanding (workbook)

TSLA

$377.80 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, TSLA quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

11,509 · Sep 24, 2026

Stale workbook snapshot

Workbook D25

BTC held (workbook)

3,949,547,394 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L25

Shares outstanding (workbook)

AMZN

$259.34 · Oct 12, 2026, 12:42 PM PDT

Dated quote; not today's price

Nasdaq public quote — manually verified capture

NASDAQ-GS USD last sale, AMZN quoted common-share class; captured quote, not an automatic stock feed

Read Oct 12, 2026, 12:42 PM PDT

Nasdaq labels captured trade real-time; this stored snapshot does not refresh

0 · Sep 24, 2026

Stale workbook snapshot

Workbook D26

BTC held (workbook)

10,786,313,572 · Sep 24, 2026

Workbook only; share as-of unverified

Workbook L26

Shares outstanding (workbook)

BRK.A

$798,000.00 · Oct 16, 2026, 1:00 PM PDT

Dated quote; not today's price

Exa historical BRK.A market data — secondary source

BRK.A common-share USD close, October 16, 2026, 4 p.m. ET

Read Oct 18, 2026, 8:09 AM PDT

Stored historical close; provider delay not independently established

— · —

Not sourced; not an asserted zero

Berkshire June 2026 10-Q; Bitcoin treasury quantity not sourced

No disclosed Bitcoin treasury holdings established by this review; not an asserted zero

A-equivalent, not actual class shares

1,427,140 · Jul 29, 2026

Economic-equivalent shares derived from issuer class counts; not an issuer-reported total

Berkshire 10-Q cover July 29 counts + Note 18 common-stock economics

All-equity A-equivalent shares = actual A + actual B / 1500

BRK.B

$532.02 · Oct 16, 2026, 1:00 PM PDT

Dated quote; not today's price

WSJ historical prices / FactSet — secondary source

BRK.B common-share USD close, October 16, 2026, 4 p.m. ET

Read Oct 18, 2026, 8:09 AM PDT

Stored historical close; provider delay not independently established

— · —

Not sourced; not an asserted zero

Berkshire June 2026 10-Q; Bitcoin treasury quantity not sourced

No disclosed Bitcoin treasury holdings established by this review; not an asserted zero

B-equivalent, not actual class shares

2,140,710,161 · Jul 29, 2026

Economic-equivalent shares derived from issuer class counts; not an issuer-reported total

Berkshire 10-Q cover July 29 counts + Note 18 common-stock economics

All-equity B-equivalent shares = 1500 × actual A + actual B

BMNR

$21.66 · Oct 16, 2026, 1:00 PM PDT

Dated quote; not today's price

Yahoo Finance historical common-stock prices — secondary source

BMNR common-share USD close, October 16, 2026, 4 p.m. ET

Read Oct 18, 2026, 8:09 AM PDT

Stored historical close; provider delay not independently established

6,028,946 ETH · Oct 11, 2026, 10:30 AM PDT

Reference $2,544.00 / ETH · fixed issuer snapshot

BTC below is separately reported, not the ETH column basis.

214 · Oct 11, 2026, 10:30 AM PDT

Latest verified disclosure; not a live count

Bitmine October 12, 2026 issuer release

Separately reported BTC; not the ETH quantity displayed in asset columns

603,226,394 · Jul 9, 2026

Latest verified disclosure; not a live count

BMNR July 14, 2026 10-Q, May 31 quarter, cover

Actual basic common shares from 10-Q cover; not weighted-average, diluted or authorized

How each column is calculated
  • Basic shares — basic shares outstanding, not assumed diluted shares.
  • BMNR ETH cells — ETH value = ETH held × fixed issuer ETH reference ($2,544); shares/ETH = basic shares ÷ ETH held; shares/$1M ETH value = basic shares ÷ (ETH value / 1M); ETH/share = ETH held ÷ basic shares, without a satoshi multiplier. Blue ETH cells do not change the Bitcoin-only definitions or Bitcoin price controls. BTC sort/Compare metrics exclude ETH; explicit ETH choices sort it separately. BTC-normalized ratios and Bitcoin mNAV are unavailable for BMNR.
  • Berkshire equivalent shares — A-equivalent = actual A + actual B / 1500; B-equivalent = actual A × 1500 + actual B. Both caps = actual A × A quote + actual B × B quote. Shares/$1M cap uses the equivalent count divided by that same whole-company cap; it need not equal 1M/class quote. No BTC treasury quantity is assumed, so Berkshire token metrics stay —.
  • Shares / BTC = basic shares ÷ BTC held. Sats / share = BTC held ÷ basic shares × 100,000,000.
  • BTC value = BTC held × BTC price. Equity cap = basic shares × share price.
  • Equity-only mNAV = equity cap ÷ BTC value. It excludes cash, debt and preferreds, so it is not an issuer's enterprise-value mNAV.
  • Shares / $1M BTC value = basic shares ÷ (BTC value ÷ 1,000,000). Shares / $1M equity cap = basic shares ÷ (equity cap ÷ 1,000,000), which simplifies to 1,000,000 ÷ share price — it depends on splits and is not a standalone economic ranking.
  • ÷ MSTR columns always read value ÷ MSTR's value (above 1× = more shares per unit than MSTR). The workbook's column O used that direction for treasury rows but the inverse (MSTR ÷ value) for benchmark rows; the dashboard shows one direction everywhere on purpose.
  • ÷ META column divides each row's Shares / $1M equity cap by the META benchmark row's value (unrounded, fixed baseline; shown as — if META is unavailable). It only rebases the same comparison to META = 1×: the ordering and chart shape are unchanged. It is not a quality rating, and a split does not change ownership value.
  • ÷ pre-split MSTR columns index to today's MSTR row restated in pre-forward-split units (shares ÷ 10, price × 10), so the baseline is 1/10 of the current MSTR value and MSTR itself reads 10.00× while the pre-forward-split illustration reads 1.00×. It is a mechanical rescaling of the current snapshot, not historical August 2024 data; shown as — if the MSTR baseline is unavailable.
  • Blank or zero inputs show "—" rather than a number, as in the workbook.
Theory: 1,000 shares per Bitcoin (educational, not company data)

Workbook rows 31–42. BTC fixed at $100,000.00 and every company issues 1,000 shares per Bitcoin. Scenario A prices shares at $100 (mNAV 1.0); Scenario B at $50 (mNAV 0.50). Toggle a 10:1 reverse split to see that share count and price change while market cap and mNAV do not.

BTC heldSharesShare priceEquity capShares / $1M BTC valueShares / $1M equity capmNAV
5,0005,000,000$100.00$500.0M10,00010,0001.00
10,00010,000,000$100.00$1.00B10,00010,0001.00
50,00050,000,000$100.00$5.00B10,00010,0001.00
100,000100,000,000$100.00$10.00B10,00010,0001.00
500,000500,000,000$100.00$50.00B10,00010,0001.00