The Real XXI MNav Tracker

XXI mNAV ratio 0.69x

Class A market cap / Bitcoin NAV

XXI stock price$5.42Previous close - Updated just now
Class A shares346,807,836Economic equity
Official BTC holdings43,513.11 BTCUpdated just now
Class A market cap$1,879,698,471.12Class A shares outstanding x XXI price = 346,807,836 x $5.42
Bitcoin NAV$2,738,454,277.15From official XXI mempool wallet data.

XXI mNAV, NAV, and Holdings

XXI MNav Tracker calculates the current XXI mNAV ratio as Class A market cap divided by Bitcoin NAV. The tracker focuses on three search intents: XXI mNAV, XXI NAV, and XXI holdings.

XXI mNAV ratio
0.69x
XXI NAV
$2,738,454,277.15
XXI holdings
43,513.11 BTC
XXI stock price used
$5.42
Last updated
Updated just now

What is XXI mNAV?

XXI mNAV is the ratio of XXI Class A market cap to Bitcoin NAV. A ratio below 1.00x means the Class A equity market cap is below the value of the Bitcoin NAV used in this calculation.

What is XXI NAV?

XXI NAV here means the dollar value of official XXI BTC holdings. The current NAV shown by this tracker is $2,738,454,277.15.

What are XXI holdings?

XXI holdings are the official Bitcoin holdings used for the NAV calculation. This tracker currently shows 43,513.11 BTC.

Class A

Class A is the economic equity. It is publicly traded and has claims on the company's economics.

346,807,836 shares

Class B

Class B is governance/control stock. It has voting power, but no economic rights and is not publicly tradable. It does not represent an incremental claim on the Bitcoin/NAV.

304,842,759 shares

Read more about XXI here.

Not affiliated with Twenty One Capital.