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.
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
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
| Sources | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MSTRStrategy | 848,517 | $72.12B | 497.8 | 1.00× | 10.0× | 5,856 | $151.29 | 422,353,000 | $63.90B | 6,610 | 1.00× | 4.91× | 10.0× | 200,902 | 0.886 | |
| MTPLFMetaplanet | 44,000 | $3.74B | 29,324.4 | 58.9× | 589.1× | 344,993 | $1.64 | 1,290,274,296 | $2.12B | 609,756 | 92.2× | 453.3× | 922.5× | 3,410 | 0.566 | |
| ASSTStrive | 36,818 | $3.13B | 3,369.7 | 6.77× | 67.7× | 39,643 | $25.64 | 124,064,126 | $3.18B | 39,002 | 5.90× | 29.0× | 59.0× | 29,677 | 1.016 | |
| NAKANakamoto | 4,467 | $379.7M | 4,006.0 | 8.05× | 80.5× | 47,130 | $8.29 | 17,894,943 | $148.3M | 120,627 | 18.2× | 89.7× | 182.5× | 24,962 | 0.391 |
Ownership
| Sources | |||||||
|---|---|---|---|---|---|---|---|
| MSTRStrategy | 848,517 | 497.8 | 1.00× | 10.0× | 422,353,000 | 200,902 | |
| MTPLFMetaplanet | 44,000 | 29,324.4 | 58.9× | 589.1× | 1,290,274,296 | 3,410 | |
| ASSTStrive | 36,818 | 3,369.7 | 6.77× | 67.7× | 124,064,126 | 29,677 | |
| NAKANakamoto | 4,467 | 4,006.0 | 8.05× | 80.5× | 17,894,943 | 24,962 |
Valuation
| Sources | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTRStrategy | $72.12B | 5,856 | $151.29 | $63.90B | 6,610 | 1.00× | 4.91× | 10.0× | 0.886 | |
| MTPLFMetaplanet | $3.74B | 344,993 | $1.64 | $2.12B | 609,756 | 92.2× | 453.3× | 922.5× | 0.566 | |
| ASSTStrive | $3.13B | 39,643 | $25.64 | $3.18B | 39,002 | 5.90× | 29.0× | 59.0× | 1.016 | |
| NAKANakamoto | $379.7M | 47,130 | $8.29 | $148.3M | 120,627 | 18.2× | 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)
| Sources | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSTStrive, pre-reverse-split view · 20 shares became 1 | 36,818 | $3.13B | 67,393.2 | 135.4× | 1353.9× | 792,861 | $1.282 | 2,481,282,520 | $3.18B | 780,031 | 118.0× | 579.9× | 1180.1× | 1,484 | 1.016 | |
| NAKANakamoto, pre-reverse-split view · 40 shares became 1 | 4,467 | $379.7M | 160,241.3 | 321.9× | 3219.3× | 1,885,191 | $0.207 | 715,797,720 | $148.3M | 4,825,090 | 730.0× | 3586.9× | 7299.9× | 624 | 0.391 | |
| MSTRStrategy, pre-forward-split view · 1 share became 10 | 848,517 | $72.12B | 49.8 | 0.10× | 1.00× | 586 | $1,512.90 | 42,235,300 | $63.90B | 661 | 0.10× | 0.49× | 1.00× | 2,009,023 | 0.886 |
Ownership
| Sources | |||||||
|---|---|---|---|---|---|---|---|
| ASSTStrive, pre-reverse-split view · 20 shares became 1 | 36,818 | 67,393.2 | 135.4× | 1353.9× | 2,481,282,520 | 1,484 | |
| NAKANakamoto, pre-reverse-split view · 40 shares became 1 | 4,467 | 160,241.3 | 321.9× | 3219.3× | 715,797,720 | 624 | |
| MSTRStrategy, pre-forward-split view · 1 share became 10 | 848,517 | 49.8 | 0.10× | 1.00× | 42,235,300 | 2,009,023 |
Valuation
| Sources | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASSTStrive, pre-reverse-split view · 20 shares became 1 | $3.13B | 792,861 | $1.282 | $3.18B | 780,031 | 118.0× | 579.9× | 1180.1× | 1.016 | |
| NAKANakamoto, pre-reverse-split view · 40 shares became 1 | $379.7M | 1,885,191 | $0.207 | $148.3M | 4,825,090 | 730.0× | 3586.9× | 7299.9× | 0.391 | |
| MSTRStrategy, pre-forward-split view · 1 share became 10 | $72.12B | 586 | $1,512.90 | $63.90B | 661 | 0.10× | 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.
| Sources | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDANVIDIA | — | — | — | — | — | — | $226.67 | 24,147,000,000 | $5.47T | 4,412 | 0.67× | 3.28× | 6.67× | — | — | |
| AAPLApple | — | — | — | — | — | — | $341.09 | 14,594,180,000 | $4.98T | 2,932 | 0.44× | 2.18× | 4.44× | — | — | |
| MSFTMicrosoft | — | — | — | — | — | — | $539.92 | 7,425,545,491 | $4.01T | 1,852 | 0.28× | 1.38× | 2.80× | — | — | |
| GOOGLAlphabet | — | — | — | — | — | — | $353.18 | 12,230,000,000 | $4.32T | 2,831 | 0.43× | 2.10× | 4.28× | — | — | |
| METAMeta | — | — | — | — | — | — | $743.39 | 2,547,506,225 | $1.89T | 1,345 | 0.20× | 1.00× | 2.04× | — | — | |
| NFLXNetflix | — | — | — | — | — | — | $70.76 | 4,163,939,676 | $294.62B | 14,133 | 2.14× | 10.5× | 21.4× | — | — | |
| TSLATesla | 11,509 | $978.3M | 343,170.3 | 689.4× | 6894.4× | 4,037,298 | $377.80 | 3,949,547,394 | $1.49T | 2,647 | 0.40× | 1.97× | 4.00× | 291 | 1525.291 | |
| AMZNAmazon | — | — | — | — | — | — | $259.34 | 10,786,313,572 | $2.80T | 3,856 | 0.58× | 2.87× | 5.83× | — | — | |
| BRK.ABerkshire Hathaway · A-equivalent (same company) | — | — | — | — | — | — | $798,000 | 1,427,140 | $1.14T | 1.253 | 0.00019× | 0.00093× | 0.00190× | — | — | |
| BRK.BBerkshire Hathaway · B-equivalent (same company) | — | — | — | — | — | — | $532.02 | 2,140,710,161 | $1.14T | 1,880 | 0.28× | 1.40× | 2.84× | — | — | |
| BMNRBitmine · Ethereum treasury | 6,028,946ETH held | $15.34BETH value | 100.1Shares / ETH | — | — | 39,330Shares / $1M ETH value | $21.66 | 603,226,394 | $13.07B | 46,168 | 6.98× | 34.3× | 69.8× | 0.009994ETH / share | — |
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 | — | |
| TSLATesla | 11,509 | 343,170.3 | 689.4× | 6894.4× | 3,949,547,394 | 291 | |
| 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 treasury | 6,028,946ETH held | 100.1Shares / ETH | — | — | 603,226,394 | 0.009994ETH / share |
Valuation
| Sources | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NVDANVIDIA | — | — | $226.67 | $5.47T | 4,412 | 0.67× | 3.28× | 6.67× | — | |
| AAPLApple | — | — | $341.09 | $4.98T | 2,932 | 0.44× | 2.18× | 4.44× | — | |
| MSFTMicrosoft | — | — | $539.92 | $4.01T | 1,852 | 0.28× | 1.38× | 2.80× | — | |
| GOOGLAlphabet | — | — | $353.18 | $4.32T | 2,831 | 0.43× | 2.10× | 4.28× | — | |
| METAMeta | — | — | $743.39 | $1.89T | 1,345 | 0.20× | 1.00× | 2.04× | — | |
| NFLXNetflix | — | — | $70.76 | $294.62B | 14,133 | 2.14× | 10.5× | 21.4× | — | |
| TSLATesla | $978.3M | 4,037,298 | $377.80 | $1.49T | 2,647 | 0.40× | 1.97× | 4.00× | 1525.291 | |
| AMZNAmazon | — | — | $259.34 | $2.80T | 3,856 | 0.58× | 2.87× | 5.83× | — | |
| BRK.ABerkshire Hathaway · A-equivalent (same company) | — | — | $798,000 | $1.14T | 1.253 | 0.00019× | 0.00093× | 0.00190× | — | |
| BRK.BBerkshire Hathaway · B-equivalent (same company) | — | — | $532.02 | $1.14T | 1,880 | 0.28× | 1.40× | 2.84× | — | |
| BMNRBitmine · Ethereum treasury | $15.34BETH value | 39,330Shares / $1M ETH value | $21.66 | $13.07B | 46,168 | 6.98× | 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…
| Ticker | Shares | As of | Classes | Status |
|---|
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.
| Company | USD price | BTC holdings | Basic 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 held | Shares | Share price | Equity cap | Shares / $1M BTC value | Shares / $1M equity cap | mNAV |
|---|---|---|---|---|---|---|
| 5,000 | 5,000,000 | $100.00 | $500.0M | 10,000 | 10,000 | 1.00 |
| 10,000 | 10,000,000 | $100.00 | $1.00B | 10,000 | 10,000 | 1.00 |
| 50,000 | 50,000,000 | $100.00 | $5.00B | 10,000 | 10,000 | 1.00 |
| 100,000 | 100,000,000 | $100.00 | $10.00B | 10,000 | 10,000 | 1.00 |
| 500,000 | 500,000,000 | $100.00 | $50.00B | 10,000 | 10,000 | 1.00 |
